[The following information applies to the questions displayed below] Home Hardware reported beginning inventory of 25 shovels, for a total cost of $150. The company had the following transactions during the month: Sold 5 shovels on account at a selling price of $14 per unit 16 Sold 9 shovels on account at a selling price of $14 per unit 18 Bought 7 shovels on account at a cost of $6 per unit. Sold 9 shovels on account at a selling price of $14 per unit 24 Bought 9 shovels on account at a cost of $6 per unit 31 Counted inventory and determined that 15 units were on hand Jan. 2 19 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 2 6 1 4 5 7 Sold 5 shovels on account at a selling price of $14 per unit. Record the transaction. Note: Enter debits before credits General Journal Date Debit Credit January 02 Journal entry worksheet 1 2 8 4 5 7 Record the cost of goods sold under the perpetual inventory system. Note: Enter debits before credits General Journal Credit Date Debit January 02 Journal entry worksheet