prepare the journal entries that would be recorded using a perpetual inventory system

Required information [The following information applies to the questions displayed below) Home Hardware reported beginning inventory of 20 shovels, for a total cost of $140. The company had the following transactions during the month: Jan. 2 Sold 6 shovels on account at selling price of $12 per unit. 16 Sold 9 shovels on account at a selling price of $12 per unit. 18 Bought 7 shovels on account at a cost of $7 per unit. 19 Sold 9 shovels on account at a selling price of $12 per unit. 24 Bought 9 shovels on account at a cost of 57 per unit. 31 counted inventory and determined that 9 units were on hand. 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.) 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.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 Sold 6 shovels on account at a selling price of $12 per unit. Record the transaction Note Enter debit before credits Date General Journal Debit Credit January 02