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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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

The Shirt Shop had the following transactions for T-shirts for 2016, its first year of operations: During the year, The Shirt Shop sold 810 T-shirts for $20 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 entrles and Taccounts for each 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.) Journal entry worksheet 4 Record the entry for purchase of inventory for cash on September 19. Note: Enter debits before credits. 1. FIFO Sales and Cost of goods sold Journal entry worksheet Note: Enter debits before credits. 2. LIFO Sales and Cost of goods sold 2. LIFO Sales and Cost of goods sold Journal entry worksheet 5 Record sale of inventory for cash. Note: Enter debits before credits. 3. Weighted average Sales and Cost of goods sold Journal entry worksheet 2 Record sale of inventory for cash. Note: Enter debits before credits. 1. FIFO 3. Weighted Average

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