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I sent the options I have to choose from as well. Required information (The following information applies to the questions displayed below.) The Shirt Shop

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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 July 25 Sept. 19 Purchased Purchased Purchased Purchased 440 units @ $ 8 - $3,520 240 units @ $ 10 - 2,400 320 units @ $ 13 - 4,160 130 units @ $ 15 - 1,950 During the year, The Shirt Shop sold 930 T-shirts for $24 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 Answer is not complete. Comnlete this nuiestinn hu entering A nswers in the tabe halow Record the above transactions in general journal form. (If no entry is required for a transaction/event, select "No journai entry required" in the first account field.) No General Journal Credit Date Jan. 20 Debit 3,520 Sales revenue Cash 3,520 Apr. 21 Accounts receivable Cash 2,400 2,400 3 Jul 25 Operating expenses Cash 4,160 4,160 Sept. 19 Accounts payable Cash 1,950 1,950 Required B OJ FIFO > Accounts payable Accounts receivable Cash Cost of goods sold Income tax expense Record ei Vieu 3,520 eBook Hint Ask Income tax expense Merchandise inventory Operating expenses Salaries expense Sales revenue Print References Recorder View general jou

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