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[ The following information applies to the questions displayed below. ] The Shirt Shop had the following transactions for T - shirts for Year 1

[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 Purchased 510 units ??& $9=,$4,590
April 21 Purchased 310 units ??& $11=,3,410
July 25 Purchased 390 units e $14=,5,460
September 19 Purchased 200 units ??& $16=,3,200
During the year, The Shirt Shop sold 1,140 T-shirts for $25 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.
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.)
Journal entry worksheet
1
2
3
4
Record the entry for purchase of inventory for cash on January 20.
Note: Enter debits before credits.
Required B
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