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Home Hardware reported beginning inventory of 30 shovels, for a total cost of $270. The company had the following transactions during the month:

1.Sold 5 shovels on account at a selling price of $14 per unit. Record the transaction.

2.Record the cost of goods sold under the perpetual inventory system.

3.Sold 10 shovels on account at a selling price of $14 per unit. Record the transaction.

4.Record the cost of goods sold under the perpetual inventory system.

5.Bought 8 shovels on account at a cost of $9 per unit. Record the transaction.

6.Sold 10 shovels on account at a selling price of $14 per unit. Record the transaction.

7.Record the cost of goods sold under the perpetual inventory system.

8.Bought 10 shovels on account at a cost of $9 per unit. Record the transaction.

9.At month end, counted inventory and determined that 22 units were on hand. Record the "book-to-physical" adjustment.

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.)