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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 Tshirts for Year its first year of operations.
January Purchased units & $$
April Purchased units & $
July Purchased units $
September Purchased units & $
During the year, The Shirt Shop sold Tshirts for $ each.
b Record the above transactions in general journal form and post to Taccounts assuming FIFO, LIFO, and weightedaverage
methods. Use a separate set of journal entries and Taccounts 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 transactionevent select No journal entry required"
in the first account field.
Journal entry worksheet
Record the entry for purchase of inventory for cash on January
Note: Enter debits before credits.
Required B
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