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Required information [The following information applies to the questions displayed below.] Home Hardware reported beginning inventory of 25 shovels, for a total cost of $200. The company had the following transactions during the month: January 2 Sold 4 shovels on account at a selling price of $13 per unit. January 16 Sold 9 shovels on account at a seliling price of $13 per unit. January 18 Bought 7 shoveln on account at a cost of 58 per unit. January 19 Sold 9 shovels on account at a-selling price of $13 per unit. January 24 Bought 9 ahovels on account at a cost of $8 per unit. January 31 Counted inventory and determined that 16 unita 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.) 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.) Journal entry worksheet 456789 Sold 4 shovels on account at a selling price of $13 per unit. Record the transaction. Note: Enter debits before credits. 2. Prepare the journal entries that would be recorded using a perpetual inventory system, including that might be needed. (If no entry is required for a transaction/event, select "No Journal Entry R field.) 1 Sold 4 shovels on frgount at a selling price of $13 per unit. Record the of IIjaction. 2 Record the cost of goods sold under the perpetual inventory system. 3 Sold 9 shovels on account at a selling price of $13 per unit. Record the transaction. 4 Record the cost of goods sold under the perpetual inventory system. 5 Bought 7 shovels on account at a cost of $8 per unit. Record the transaction. Note : = journal entry has been entered 2. Prepare the journal entries that would be recorded using a perpetual inventory system, including any "boc that might be needed. (If no entry is required for a transaction/event, select "No Journal Entry Required field.) 5 Bought 7 shovels on account at a cost of $8 per unit. Record the transaction. 6 Sold 9 shovels on account at a selling price of $13 per unit. Record the transaction. 7 Record the cost of goods sold under the perpetual inventory system. 8 Bought 9 shovels on account at a cost of $8 per unit. Record the transaction. 9 At month end, counted inventory and determined that 16 units were on hand. Record the "book-to-physical" adjustment. Note : = = journal entry has been entered Required information [The following information applies to the questions displayed below] Home Hardware reported beginning inventory of 25 shovels, for a total cost of $200. The company had the following transactions during the month: January 2 sold 4 shovels on account at a selling price of $13 per unit. January 16 Sold 9 shovels on account at a selling price of $13 per unit. January 18 Bought 7 shovels on account at a cost of $8 per unit. January 19 Sold 9 shovels on account at a-selling price of $13 per unit. January 24 Bought 9 shovels on account at a cost of $8 per unit. January 31 Counted inventory and deternined that 16 units were on hand. 3-a. What is the dollar amount of shrinkage that you were able to determine in periodic inventory system? 3-b. What is the dollar amount of shrinkage that you were able to determine in perpetual inventory system