Required information [The following information applies to the questions displayed below.] Home Hardware reported beginning inventory of 35 shovels, for a total cost of $175. The company had the following transactions during the month: Jan. 2 Sold 9 shovels on account at a selling price of $10 per unit. 16 Sold 12 shovels on account at a selling price of $10 per unit. 18 Bought 4 shovels on account at a cost of $5 per unit. 19 Sold 12 shovels on account at a selling price of $10 per unit. 24 Bought 12 shovels on account at a cost of $5 per unit. 31 Counted inventory and determined that 15 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.)