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Kleiner Merchandising Company Accumulated depreciation 700 Beginning inventory 8.000 Ending inventory 3.600 Expenses 1,750 Net purchases 8,700 Net Sales 15,500 $ Krug Service Company Expenses

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Kleiner Merchandising Company Accumulated depreciation 700 Beginning inventory 8.000 Ending inventory 3.600 Expenses 1,750 Net purchases 8,700 Net Sales 15,500 $ Krug Service Company Expenses Revenues Cash Prepaid rent Accounts payable Equipment 9, 100 20,000 800 840 200 1,900 Required: a. Compute the goods available for sale, and the cost of goods sold and gross profit for the merchandiser. Hint: Not all information may be necessary b. Compute net income for each company. a. Goods available for sale Cost of goods sold Gross profit Nadine h

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