1)

• Record the entry for purchase of inventory for cash on January 20.

2)

• Record the entry for purchase of inventory for cash on April 21.

3)

• Record the entry for purchase of inventory for cash on July 25.

4)

• Record the entry for purchase of inventory for cash on September 19.

Required information The following information applies to the questions displayed below The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations Jan. 20 Apr. 21 Duly 25 Prchse 420 units 125,040 Sept. 19 Purchased Purchased 540 units$7-$3,780 340 units$9- 3,060 Purchased 230 units 143,220 During the year, The Shirt Shop sold 1,230 T-shirts for $23 each b. Record the above transactions in general journal form and post to T-accounts using (1) FIFO, (2) LIFO, and (3) weighted average. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. Complete this question by entering your ans wers in the tabs below Required B GJ Required B GJ Required B GJ LIFO Required BT Acc FIFO Required B T Acc LIFO Required B T Acc WA Required B FIFO WA Record the above transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for purchase of inventory for cash on January 20