Rakesh Use the following information (in random order) from a merchandising company and from a service company.McNeil Merchandising CompanyAccumulated depreciationBeginning inventoryEnding inventoryExpensesNet purchasesNet salesKrug Service CompanyExpensesRevenuesCashPrepaid rentAccounts payableEquipment$9,10020,000a. Goods available for sale ia. Cost of goods solda. Gross profit8008402001,900$7008,0003,6001,7508,70015,500a. Compute the goods available for sale, the cost of goods sold and gross profit for the merchandiser. Hint Not all information maybe necessary.b. Compute net income for each company.b. Net income for Krug Service Companyb. Net income for McNeil Merchandising Company QS 4-4 (Algo) Computing net invoice amounts LO P1Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period.a.b.C.d.Merchandise(gross)$$$$9,80027,20084,60022,000Terms2/10, n/601/15, n/901/10, n/303/15, n/45Payment

Name: Rakesh Use the following information (in random order) from a merchand
Uploaded: 2024-03-04T10:43:15.000Z
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Description: Rakesh Use the following information (in random order) from a merchandising company and from a service company.McNeil Merchandising CompanyAccumulated depreciationBeginning inventoryEnding inventoryExpensesNet purchasesNet salesKrug Service CompanyEx