Home Hardware reported beginning inventory of thirty shovels, for a total cost of $150. The company had the following transactions during the month: Jan. 2 Sold 10 shovels on account at a selling price of $12 per unit 16 Sold 16 shovels on account at a selling price of $12 per unit 18 Bought 11 shovels on account at a cost of $5 per unit 19 Sold 13 shovels on account at a selling price of $12 per unit 24 Bought 16 shovels on account at a cost of $5 per unit 31 Counted inventory and determined that 14 units were on hand Required: 1. Prepare the journal entries that would be recorded using a periodic inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the cost of goods sold