Question: Stret Hele Save & 2 Check my world point Use the following information on random order) from a merchandising company and from a service company
Stret Hele Save & 2 Check my world point Use the following information on random order) from a merchandising company and from a service company McNett Merchandising company Accumulated depreciation $ 700 Beginning inventory 14.000 Ending inventory 8,400 Expenses 2.350 Net purchases 18,300 Net sales 27,500 Krug Service Company Expenses $ 10,300 Revenues 32,000 Cash 1,000 Prepaid rent 920 Accounts payable 200 Equipment 3,100 a. Compute the goods available for sale, 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 eBo Mint Print Heferences a. Goods available for sale a. Cost of goods sold a Gross profit b. Net Income for Krug Service Company b. Not income for Marvel Merchandising Company
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