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Use the following information (in random order) from a merch McNeil Merchandising Company Accumulated depreciation Beginning inventory Ending inventory Expenses Net purchases Net sales Krug
Use the following information (in random order) from a merch McNeil Merchandising Company Accumulated depreciation Beginning inventory Ending inventory Expenses Net purchases Net sales Krug Service Company Expenses Revenues Cash Prepaid rent Accounts payable $ 8,800 17,000 750 820 200 1,600 $ 700 6,500 2,300 1,600 6,300 12,500 Equipment a. Compute the goods available for sale, the cost of goods so necessary. b. Compute net income for each company. a. Goods available for sale a. Cost of goods sold a. Gross profit b. Net income for Krug Service Company b. Net income for McNeil Merchandising Company
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