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Exercise 5-8 Inventory and cost of sales transactions in T-accounts LO P The following supplementary records summarize Tesla Company's merchandising activities fo system) Cost of
Exercise 5-8 Inventory and cost of sales transactions in T-accounts LO P The following supplementary records summarize Tesla Company's merchandising activities fo system) Cost of merchandise sold to customers in sales transactions$282,00 Merchandise inventory, December 31, 2016 Invoice cost of merchandise purchases, gross amount Shrinkage determined on December 31, 2017 Cost of transportation-in Cost of merchandise returned by customers and restored to inventory Purchases discounts received Purchases returns and al1owances 40, 946 289,106 2,891 2,850 2,313 3,900 Record the summarized activities in the Tiaccounts below se
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