Check my wore Exercise 5-8 Inventory and cost of sales transactions in T-accounts LO P1, P2 The following supplementary records summarize Tesla Company's merchandising activities for year 2017 (It uses a perpetual Inventory system) Cont of merchandise Hold to cuntomers in sales transactions Merchandise inventory, December 31, 2016 Invoice cont of merchandise purchasen, gross amount Shrinkage determined on December 31, 2017 Cont of transportation in Cost of merchandise returned by customers and restored to inventory Purchases discounts received Purchases returns and allowancen $ 286,000 61,527 293,202 780 2,932 2,350 2,346 3.900 Record the summarized activities in the T-accounts below. Merchandise Inventory Sints eBook Hint Print eferences Cost of Goods Sold