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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 $270.

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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 $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 89 per unit. 19 Sold 11 shovels on account at a selling prict of $14 per unit. 24 bought it shovels on account at a cost of $9 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.) Journal entry worksheet Sold 8 shovels on account at a selling price of $14 per unit. Record the transaction. Note: Enter debits before credits. General Journal Dobit Credit Date January 02 270 270 Record entry Clear entry View general Journal Journal entry worksheet Record the cost of goods sold under the perpetual inventory system. Note: Enter debits before credits. Date General Journal Debit Credit January 16 Record entry Clear entry View general Journal Journal entry worksheet Bought 9 shovels on account at a cost of $9 per unit. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit January 18 Record entry Clear entry View general journal Journal entry worksheet Sold 11 shovels on account at a selling price of $14 per unit. Record the transaction. Note: Enter debits before credits. Date General Journal Debit Credit January 19 Record entry Clear entry View general journal Journal entry worksheet Record the cost of goods sold under the perpetual inventory system. Note: Enter debits before credits. General Journal Debit Credit Date January 19 Record entry Clear entry View general journal S BE ournal entry worksheet 1 2 3 4 5 6 7 8 9 8 Saya Bought 11 shovels on account at a cost of $9 per unit. Record the transaction. Note: Enter debits before credits. General Journal Debit Credit Date January 24 Record entry Clear entry View general Journal

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