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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

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. January 20 $3,520 2,400 April 21 Purchased 440 units @ $ 8 = Purchased 240 units @ $10 = Purchased 320 units @ $13 = Purchased 130 units @ $15 = July 25 4,160 September 19 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 assuming (1) FIFO, (2) LIFO, and (3) weighted-average methods. 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 Required B GJ Required B GJ Required B GJ Required BT FIFO LIFO WA Acc FIFO View transaction list No 1 Record the above transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Date Jan. 20 View journal entry worksheet General Journal No Transaction Recorded Required B T Acc LIFO Credit
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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 During the year, The Shirt Shop sold 930 T-shirts for $24 each: becord the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average methods 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. Record the above transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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