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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 @ $ 133,900 110 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. Required information Journal entry worksheet 1 2 3 4 Record the entry for purchase of inventory for cash on January 20. Note: Enter debits before credits. Date General Journal Debit Credit Jan. 20 Record entry Clear entry View general journal