Home Hardware reported beginning inventory of twenty shovels, for atotal cost of $100. The company had the following transactions during the month: 2. Prepare the journal entries that would be recorded using a perpetual Inventory cyctem, including any book-to-physical adjustment that might be needed. If no entry is required for a transactionevent, select "Na Joumal entry required in the trat account tell.) Jan. evtransaction list 2 sold 4 shovels on account at a selling price of $10 per unit 16 sold 10 shovels on account at a selling price of $10 per unit 18 Bought 5 shovels on account at a cost of $5 per unit 19 sold 10 shovels on account at a selling price of $10 per unit 24 Bought 19 shovels on account at a cost of $5 per unit 31 counted inventory and determined that 10 units were on hand Journal entry worksheet 1 2 3 4 5 6 7 8 9 > Required: 1. Prepare the journal entries that would be recorded using a periodic inventory system. II no entry la required for a transaction/event, select "No Journal entry required" In the first account tleld.) Record the sale of shovels. View transaction list Nole: Ele data bascal Transaction General Joumal Debit | Credit January 02 Journal entry worksheet Sold 4 shovels on account at a selling price of $10 per unit Resord entry Clear entry View peneral journal Nale: Enlei de Dil Delare credits 3a. What is the dollar amount of shrinkage that you were sble to determine in requirement t? (Enter you were unable to determine the collar amount of shrinkage. General Journal Debit Credit Transaction January 02 Amount of china 3-b. What ic the dollal amount of chrinkage that you were able to determine in requirement 2? (Emer "O" you were unable to determine the collar amount of shrinkage) . Record entry Clear entry View general journal Amount of shrinkage