Help Save & Exit Sub Check my wa The following amounts summarize Transeer Company's merchandising activities during 2020. Post the activities in the following T- accounts and calculate the account balances. Assume that the company uses perpetual inventory system. Cost of merchandise sold to customers in sales transactions Merchandise inventory balance, Dec. 31, 2019 Invoice cost of merchandise purchases Shrinkage determined on Dec. 31, 2020 Cost of transportation-in Cost of merchandise returned by customers and restored to inventory Purchase discounts received Purchase returns and allowances received Dec. 31, 2019 End. Bal. EA Merchandise Inventory 0 $ 175,000 32,500 181,000 28,500 1,650 1,950 1,350 3,600