exercise 4-8 inventory and cost of sales transactions in t-accounts LO P1, P2

0 Saved Exercise 4-8 Inventory and cost of sales transactions in T-accounts LO P1, P2 The following supplementary records summarize Tesla Company's merchandsing activities for year 2017 (it uses a perpetual Invento system). Cost of merchandise sold to customers in sales transactions Merchandise inventory, December 31, 2016 Invoice cost of merchandise purchases, gross amount Shrinkage determined on December 31, 2817 Cost of transportation-in Cost of merchandise returned by customers and restored to inventory Purchases discounts received Purchases returns and allowances s 196,800 25,888 192,5e0 800 2,960 2,180 1,700 4,089 Record the summarized activities in the T-accounts below Merchandise KPrey 10 of 11 Next e to search