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Required information [The following information applies to the questions displayed below.) The Shirt Shop had...

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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. 21 July 25 Sept. 19 Purchased Purchased Purchased Purchased 570 units @ $ 10 = $5,700 370 units @ $12 - 4,440 450 units @ $ 15 6,750 260 units @ $17 - 4,420 During the year, The Shirt Shop sold 1,320 T-shirts for $26 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, Complete this question by entering your answers in the tabs below. Required B Required B G Required B G) Required B G Required BT Required BT FIFO LIFO WA Acc FIFO Acc LIFO Required BT Acc WA View transaction list Journal entry worksheet Record the entry for purchase of inventory for cash on January 20. Note: Enter debits before credits. General Journal Debit Credit Date Jan. 20 Record entry Clear entry View general journal View transaction list Journal entry worksheet

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