The following information applies to the questions displayed below.] Home Hardware reported beginning inventory of 20 shovels, for a total cost of $100. The company had the following transactions during the month: Jan. 2 Sold 4 shovels on account at a selling price of $10 per unit. 16 Sold 10 shovels on account at a selling price of $10 per unit 18 Bought 5 shovels on account at a cost of $5 per unit. 19 Sold 10 shovels on account at a selling price of $10 per unit. 24 Bought 10 shovels on account at a cost of $5 per unit. 31 Counted inventory and determined that 10 units were on hand. 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.) Sold 4 shovels on account at a selling price of $10 per unit. Record the transaction. Sold 10 shovels on account at a selling price of $10 per unit. Record the transaction. Bought 5 shovels on account at a cost of $5 per unit. Record the transaction. Sold 10 shovels on account at a selling price of $10 per unit. Record the transaction. Bought 10 shovels on account at a cost of $5 per unit. Record the transaction. Record a journal entry that shows all goods initially on hand at the beginning of the period (in the inventory account) and all goods bought during the period (in the purchases account) as having been sold by the end of the period. = journal entry has been entered