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Required information (The following information applies to the questions displayed below) Home Hardware reported beginning inventory of 30 shovels, for a total cost of $240.

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Required information (The following information applies to the questions displayed below) Home Hardware reported beginning inventory of 30 shovels, for a total cost of $240. The company had the following transactions during the month: Jan. 2 Sold 9 shovels on account at a selling price of $9 per unit. 16 Sold 13 shovels on account at a selling price of $9 per unit. 18 Bought 5 shovels on account at a cost of $8 per unit. 19 Sold 13 shovels on account at a selling price of 59 per unit. 24 Bought 13 shovels on account at a cost of $8 per unit. 31 Counted inventory and determined that 12 units were on hand. 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 line Journal entry worksheet 1 2 6 8 9 Sold 9 shovels on account at a selling price of $9 per unit. Record the transaction. Enter dobits before credits Required information [The following information applies to the questions displayed below) Home Hardware reported beginning inventory of 30 shovels, for a total cost of $240. The company had the following transactions during the month: Jan. 2 Sold 9 shovels on account at a selling price of $9 per unit. 16 Sold 13 shovels on account at a selling price of $9 per unit. 18 Bought 5 shovels on account at a cost of $8 per unit. 19 Sold 13 shovels on account at a selling price of $9 per unit. 24 Bought 13 shovels on account at a cost of $8 per unit. 31 Counted inventory and determined that 12 units were on hand. 3-a. What is the dollar amount of shrinkage that you were able to determine in periodic inventory system? One cannot determine S8 3-b. What is the dollar amount of shrinkage that you were able to determine in perpetual inventory system? Amount of Stage

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