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Requirea 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

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Requirea 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. Complete this question by entering your answers in the tabs below. Required B GJ Required B G Required B 6) Required BT Required BT Required BT FIFO WA LIFO Acc WA Acc FIFO Acc LIFO Required B Record the above transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry regi in the first account field.) Journal entry worksheet 2 3 4 Book Hint Record the entry for purchase of inventory for cash on January 20, Ask Print Note: Enter debits before credits References General Journal Debit Credit Date Jan. 20 3 4 Record the entry for purchase of inventory for cash on April 21. Note: Enter debits before credits. Date General Journal Debit Credit Apr. 21 Record the entry for purchase of inventory for cash on July 25. Int Note: Enter debits before credits. rences Date General Journal Debit Credit Jul. 25 Int Record the entry for purchase of inventory for cash on September 19. isk Print Note: Enter debits before credits. ferences Date General Journal Debit Credit Sept. 19

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