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Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does rn 4 The Shirt
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does rn 4 The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations: Tan. 20 Purchased 400 units e 8 $3,200 Apr. 21 Purchased 200 units e $10-2,000 July 25 Purchased 280 units e $133,640 Sept. 19 Purchased 90 unitse $15-1,350 Part 2 of 3 During the year, The Shirt Shop sold 810 T-shirts for $20 each. points b. Record the above transactions in general journal form and post to T-accounts using (1) FIFO, (2) LIFO, and (3) weighted average. a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions. &Answer is not complete. Complete this question by entering your answers in the tabs below. Required B GJRequired B GJ Required B GJ Required BT Required BT Required BT Required B FIFO LIFO WA Acc FIFO Acc LIFO Acc WA Record the above transactions in general journal form using LIFO method. Assume all transactions are cash transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Date General Journal Debit Credit Year 1 Merchandise inventory 3,600 Required B GJ FIFO Required BGJ WA >
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