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I cant figure out where im going wrong. 3 Kleiner Merchandising Company Accumulated depreciation Beginning inventory Ending Inventory Expenses Net Purchases Net Sales 700 5,000
I cant figure out where im going wrong.
3 Kleiner Merchandising Company Accumulated depreciation Beginning inventory Ending Inventory Expenses Net Purchases Net Sales 700 5,000 1,70e 1,450 3,900 9,500 oints Krug Service Company Expenses Revenues Cash Prepaid rent Accounts payable Equipment $12,500 14,000 700 800 200 1,300 Required: a. Compute gross profit, the goods available for sale, and the cost of goods sold for the merchandiser. Hint Not all information may be necessary b. Use the above information from a service company and from a merchandiser to compute net income Answer is complete but not entirely correct. 8,900 7,200 2,300 850 1,500 . Goods available for sale Cost of goods sold Gross proft b. Net income for Krug Service Company Net income for Kleiner Merchandising CompanyStep by Step Solution
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