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 5old 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 deternined that 14 units were on hand 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.) 1 Sold 10 shovels on account at a selling price of $12 per unit 2 Sold 16 shovels on account at a selling price of $12 per unit 3 Bought 11 shovels on account at a cost of $5 per unit 4 Sold 13 shovels on account at a selling price of $12 per unit 5 Bought 16 shovels on account at a cost of $5 per unit 6 Record the cost of goods sold