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 Jan. 20 Apr. 23 July 25 Sept. 19 Purchased Purchased Purchased Purchased 530 unito 6 8 - $4,240 330 units @ $ 10 - 3,300 $10 unita $ 23 - S, 330 220 units @ $ 15 - 3,300 During the year, The Shirt Shop sold 1.200 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required B Required BG Required BG Required BG Required BT Required BT Required et FIFO LIKO WA ACC FIFO Acc LIFO Ace WA Record the above transactions in general journal form using FIFO method. Assume all transactions are cash transactions. (1f no entry is required for a transaction/event, select "No journal entry required in the first account field.) Debit Credit No Date Yeart General Journal No Transaction Recorded 1 Nayt > {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 530 units OS 8 $4,240 330 units @ 9 10 3,300 410 units @ $ 13- 5,330 220 units @ $ 15-3, 300 During the year, The Shirt Shop sold 1,200 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 ave a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions Answer is not complete. Complete this question by entering your answers in the tabs below. Required a Required By Required 8 ) Required B G Required B T Required By Required BT FIFO tho WA Acc FIFO Acc LIFO Acc WA Record the above transactions in general journal form using UFO method. Assume all transactions are cash transactions. (I no entry is required for a transaction/event, select "No journal entry required in the first account field.) Debit Credit No Date General Journal The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations: Jan. 20 Apr. 22 July 25 Sept. 19 Purchased Purchased Purchased Purchased 530 units @ $ 8 - $4,240 330 units @ $ 103,300 420 units @ $.13 - 5,330 220 units @ $ 15 - 3,300 During the year, The Shirt Shop sold 1.200 T-shirts for $24 each. b. Record the above transactions in general journal form and post to Taccounts using ) FIFO, (2) UFO, and (3) weighted average Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions, Answer is not complete. Complete this question by entering your answers in the tabs below. Required Required BG Required 8 G) Required B G Required IT Required T Required BT FIFO LIFO WA Acc FIFO Acc LIFO Acc WA Record the above transactions in general journal form using weighted average method. Assume all transactions are cash transactions. (if no entry is required for a transaction/event, select 'No journal entry required in the first account field Round cost per unit to 2 decimal places and final answers to the nearest whole dollar amount.) Debit Credit No Date General Journal Required B Required B G) Required B G) Required B G) Required BT Required BT Required BT FIFO LIFO WA Acc FIFO Acc LIFO Acc WA Post to T-accounts using LIFO method. Assume all transactions are cash transactions. Cash Merchandise Inventory Beg Bail Beg. Bal End Bal Cost of Goods Sold Sales Revenue Beg Bal Beg Bal End Bal End Bal >
