Exercise $5-9$ Effects of merchandising activities on the accounts$-$perpetual LO$3,4$

The following amounts summarize Transeer Company's merchandising activities during $2023.$ Post the activities in the following Taccounts and calculate the account balances. Assume that the company uses perpetual inventory system.

Cost of merchandise sold to customers in sales transactions

Merchandise inventory balance, Dec. $31,2019$

Invoice cost of merchandise purchases

Shrinkage determined on DeC. $31,2023$

Cost of transportation$-$in

$\backslash$table$[[$$$175,000$