/book/9712: P AG Merchandise accounts and computations ntin... C2 ting. Use the following information (in random order) from a merchandising company and from a se information may be necessary for the solutions a. For the merchandiser only, compute: 1. Goods available for sale. 2. Cost of goods sold. 3. Gross profit. b. Compute net income for each company. Kleiner Merchandising Company Krug Service Company Expenses Revenues.... Accumulated depreciation........ Beginning inventory..... Ending inventory Expenses.... Net purchases... Net sales...... $ 700 5,000 1.700 1,450 3.900 9.500 Propaid rent Accounts payable Equipment der QS Computing net invoice amounts P1 Compute the amount to be paid for each of the four separate invoices assuming that all invoices a period. Merchandise (gross) Terms Merchandise (gross) Terms a $5.000 2/10, n/60 b. $20,000 1/15, EOM Your bra c. $75,000 1/10, n/30 d. S10,000 3/15.n/45 O 978129- C TOR Vault ebooks a. For the merchandiser only, compute: 1. Goods available for sale. 2. Cost of goods sold. 3. Gross profit. b. Compute net income for each company. Krug Service Company Expenses Revenues Kleiner Merchandising Company Accumulated depreciation....... $ 700 Beginning inventory............. 5,000 Ending inventory.................. 1.700 ponse. ..... 1.450 Net purchases.... .... 3,900 Net sales..... 9,500 Propaid rent Accounts payable. Equipment QS 5-4 Computing net invoice amounts P1 Compute the amount to be paid for each of the four separate invoices assuming that all inve period. Merchandise (gross) Terms Merchandise (gross) Terms a $5,000 2/10, n/60 b. 320,000 1/15, EOM c. $75,000 1/10, n/30 d. S10,000 3/15,n/45 OS 5-6 Recording purchases returns and discounts taken P1