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 April 21 Purchased 480 units @ $ 9 = Purchased 280 units @ $11 = Purchased 360 units @ $14 Purchased 170 units @ $16 July 25 E September 19 During the year, The Shirt Shop sold 1,050 T-shirts for $25 each. $4,320 3,080 5,040 2,720 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 Required B T Acc LIFO Required B T Acc WA 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.)

Required information [The following information applies fo 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 1,050 T-shirts for $25 each. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average hethods. 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 onswers 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 requiced" in the first account field.) Required information [The following information applies fo 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 1,050 T-shirts for $25 each. Record the above transactions in general journal form and post to T-accounts assuming (1) FIFO, (2) LIFO, and (3) weighted-average hethods. 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 onswers 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 requiced" in the first account field.)