Journal entry worksheet 3 1 2 Record the entry for Purchase of merchandise on credit. Note: Enter debits before credits. Debit Credit General Journal Transaction a Record entry Clear entry View general journal The following supplementary records summarize Tesla Company's merchandising activities for year 2018 (it uses system). Cost of merchandise sold to customers in sales transactions Merchandise inventory, December 31, 2017 Invoice cost of merchandise purchases, gross amount Shrinkage determined on December 31, 2018 Cost of transportation-in Cost of merchandise returned by customers and restored to inventory $ 196,000 25,000 192,500 800 2,900 2,100 1,70e 4,ee0 Purchases discounts received Purchases returns and allowances Record the summarized activities in the T-accounts below. Merchandise Inventory 0 Cost of Goods Sold 0