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Required info to answer question The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations: Jan. 20 Apr.

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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 420 units @ $ 8 = $3,360 220 units @ $ 10 - 2,200 300 units @ $ 13 = 3,900 110 units @ $ 15 = 1,650 During the year, The Shirt Shop sold 870 T-shirts for $24 each. Exercise 5-5A Part b 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 Journal entry worksheet

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