[The following information applies to the questions displayed below.] Home Hardware reported beginning inventory of 15 shovels, for a total cost of $135. The company had the following transactions during the month: January 2 Sold 4 shovels on account at a selling price of $10 per unit. January 16 Sold 8 shovels on account at a selling price of $10 per unit. January 18 Bought 6 shovels on account at a cost of $9 per unit. January 19 Sold 8 shovels on account at a selling price of $10 per unit. January 24 Bought 8 shovels on account at a cost of $9 per unit. January 31 Counted inventory and determined that 7 units were on hand. repare the journal entries that would be recorded using a perpetual inventory system, including any "book-to-physical" djustment that might be needed. (If no entry is required for a transaction/event, select "No Journal Entry Required" in he first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 January 02 Accounts Receivable Sales Revenue 40 2 January 02 Cost of Goods Sold Inventory 3 January 16 Accounts Receivable Sales Revenue 40 36 36 > 80 80 4 January 16 Cost of Goods Sold 72 Inventory 72 5 January 18 Inventory 54 54 6 January 19 Accounts Receivable 80 Sales Revenue 80 7 January 19 Cost of Goods Sold Inventory 8 January 24 Inventory 9 January 31 Accounts Payable Cost of Goods Sold Inventory 72 72 72 72