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need the remaining part of the answer Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 10,500 Ending inventory 6,300 Expenses 2,000 Net purchases 12,700
need the remaining part of the answer
Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 10,500 Ending inventory 6,300 Expenses 2,000 Net purchases 12,700 Net sales 20,500 Krug Service Company Expenses $ 9,900 Revenues 25,000 Cash 750 Prepaid rent 560 Accounts payable 200 Equipment 2,200 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. Answer is not complete. a. $ 23,200 $ 16,900 Goods available for sale Cost of goods sold Gross profit Net income for Krug Service Company Net income for Kleiner Merchandising Company bStep by Step Solution
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