Required information (The following information applies to the questions displayed below.] Home Hardware reported beginning inventory of 30 shovels, for a total cost of $270. The company had the following transactions during the month: Jan. 2 Sold 8 shovels on account at a selling price of $14 per unit. 16 Sold 11 shovels on account at a selling price of $14 per unit. 18 Bought 9 shovels on account at a cost of $9 per unit. 19 Sold 11 shovels on account at a selling price of $14 per unit. 24 Bought 11 shovels on account at a cost of $9 per unit. 31 Counted inventory and determined that 18 units were on hand. Required: 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.) View transaction list Journal entry worksheet