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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 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 Golds Inventory Sold Cost of Goods Sold Enter the summarized activities in the T-account below. $ 196,000 25,000 192,500 800 2,900 2,100 1,700 4,000

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 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 Golds Inventory Sold Cost of Goods Sold Enter the summarized activities in the T-account below. $ 196,000 25,000 192,500 800 2,900 2,100 1,700 4,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 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 Cost of Goods Sold Enter the summarized activities in the T-account below. Cost of Goods Sold <Merchandise Inventory Cet af Goods SAM $ 196,000 25,000 192,500 800 2,900 2,100 1,700 4,000
Transcribed Image Text: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 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 Cost of Goods Sold Enter the summarized activities in the T-account below. Cost of Goods Sold <Merchandise Inventory Cet af Goods SAM $ 196,000 25,000 192,500 800 2,900 2,100 1,700 4,000
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 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. Merchandise Inventory Marchandislitventory $ 195,000 25,000 192,500 Cost of Goods Sold > 800 2,900 2,100 1,700 4,000
Transcribed Image Text: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 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. Merchandise Inventory Marchandislitventory $ 195,000 25,000 192,500 Cost of Goods Sold > 800 2,900 2,100 1,700 4,000
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