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The following summarizes Tesla's merchandising activities for the year. Cost of merchandise sold to customers...

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Accounting

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
$157,000
22,796
160,956
800
1,610
2,700
1,288
4,400
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
Inve'titory
Sold
Enter the summarized activities in the T-account below.
\table[[,Merchandise Inventory,],[,,]]
image

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