Home Hardware reported beginning inventory of 20 shovels, for a total cost of $140. The company had the following transactions during the month: January 2 Sold 6 shovels on account at a selling price of $12 per unit. January 16 Sold 9 shovels on account at a selling price of $12 per unit. January 18 Bought 7 shovels on account at a cost of $7 per unit. January 19 Sold 9 shovels on account at a selling price of $12 per unit. January 24 Bought 9 shovels on account at a cost of $7 per unit. January 31 Counted inventory and determined that 9 units were on hand. PA6-6 (Algo) Part 2 2. Prepare the journal entries that would be recorded using a perpetual inventory system, including any "book-to-physical" adjustment that might be needed. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)