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The following summarizes Tesla's merchandising activities for the year. Cost of merchandise sold to customers $196,000 Merchandise inventory, beginning-of-year 25,000 Merchandise purchases, gross amount
The following summarizes Tesla's merchandising activities for the year. Cost of merchandise sold to customers $196,000 Merchandise inventory, beginning-of-year 25,000 Merchandise purchases, gross amount 192,500 Shrinkage on inventory as of year-end 800 Transportation-in for merchandise purchases 2,900 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. 2,100 1,700 4,000 Enter the summarized activities in the two T-accounts below.. es Complete this question by entering your answers in the tabs below. Merchandise Cost of Goods Inventory Sold Enter the summarized activities in the T-account below. Merchandise Inventory The following summarizes Tesla's merchandising activities for the year. Cost of merchandise sold to customers Merchandise inventory, beginning-of-year Merchandise purchases, gross amount $196,000 25,000 192,500 Shrinkage on inventory as of year-end 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 Enter the summarized activities in the two T-accounts below. Complete this question by entering your answers in the tabs below. Merchandise Cost of Goods Inventory Sold Enter the summarized activities in the T-account below. Cost of Goods Sold 0 800 2,900 2,100 1,700 4,000
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