Costco Wholesale Corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 634 locations across the United States as well as in Canada, the United Kingdom, Japan, Australia, South Korea, Taiwan, Mexico, and Puerto Rico. As of its fiscal year-end 2013, Costco had approximately 71.2 million members. Selected fiscal-year information from the company's balance sheets follows.

a. During fiscal 2013 , Costco collected $ 2,286 million cash for membership fees. Use the financial statement effects template to record the cash collected for membership fees.

b. Costco recorded merchandise costs (that is, cost of goods sold) of $ 91,948 million in 2013. Record this transaction in the financial statement effects template.

c. Determine the value of merchandise that Costco purchased during 2013. Use the financial statement effects template to record these merchandise purchases. Assume all of Costco's purchases are on credit.

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Selected Balance Sheet Data ($ millions) Merchandise inventories..... Deferred membership income (liability) 2013 $7,894 621 2012 $7,096 550