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Need help fixing my question. Not sure what I'm missing. The following summarizes Tesla's merchandising activities for the year. Cost of merchandise sold to customers
Need help fixing my question. Not sure what I'm missing.
The following summarizes Tesla's merchandising activities for the year. Cost of merchandise sold to customers Merchandise inventory, beginning year Cost of merchandise purchases, gross amount Shrinkage on merchandise as of year-end Cost of transportation-in for merchandise purchases Cost of merchandise returned by customers and restored to inventory Discounts received from suppliers on merchandise purchases Returns to and allowances from suppliers on merchandise purchases $ 196,000 25,000 192,500 see 2,900 2,100 1,700 4,000 Enter the summarized activities in the two T-accounts below. Merchandise Inventory Cost of Goods Sold Enter the summarized activities in the T-account below. 196,000 800 Balance, beginning-year Cost of merchandise purchases Transportation-in merchandise Returns from customers Merchandise Inventory 25,000 Cost of merchandise sold 192,500 Shrinkage as of year-end 2.900 Discounts received on merchandise 2,100 Returns to and allowances on merchandise 20,000 1,700 4,000 Enter the summarized activities in the T-account below. Cost of Goods Sold Cost of merchandise sold Returns from customers 2,100 196,000 800 194,700 Balance, end-of-year
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