Business
Business, 18.06.2020 19:57, brandon0227

Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 5,000 Ending inventory 1,700 Expenses 1,450 Net purchases 3,900 Net sales 9,500 Krug Service Company Expenses $ 12,500 Revenues 14,000 Cash 700 Prepaid rent 800 Accounts payable 200 Equipment 1,300 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.

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