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10 Part 2 of 3 0.9 points Print ! Required information PA6-6 (Algo) (Supplement 6B) Recording Inventory Transactions Using Periodic and Perpetual Inventory Systems [LO 6-S2] [The following information applies to the questions displayed below.] Home Hardware reported beginning inventory of 25 shovels, for a total cost of $200. The company had the following transactions during the month: January 2 Sold 7 shovels on account at a selling price of $16 per unit. January 16 Sold 11 shovels on account at a selling price of $16 per unit. January 18 Bought 9 shovels on account at a cost of $8 per unit. January 19 Sold 11 shovels on account at a selling price of $16 per unit. January 24 Bought 11 shovels on account at a cost of $8 per unit. January 31 Counted inventory and determined that 13 units were on hand. PA6-6 (Algo) Part 2 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.) View transaction list Journal entry worksheet

Journal entry worksheet (1) 20304 9 Sold 11 shovels on account at a selling price of $16 per unit. Record the transaction. Note: Enter debits before credits. Journal entry worksheet 1234567 At month end, counted inventory and determined that 13 units were on hand. Record the "book-to-physical" adjustment. Note: Enter debits before credits. Journal entry worksheet 123456 Bought 11 shovels on account at a cost of $8 per unit. Record the transaction. Note: Enter debits before credits. Required informotion PA6-6 (Algo) (Supplement 6B) Recording Inventory Transactions Using Periodic and Perpetual Inventory Systems [LO 6-52] [The following information applies to the questions displayed below] Home Hardware reported beginning inwentory of 25 shovels, for a total cost of $200. The company had the following transactions duting the month PA6.6 (Algo) Part 2 2. Prepare the joumal entses that would be recouded using a perpetual inventory system, including ary "book to physical" adjustment that might be needed. of no entry is required for a tronsoction/event, select 'No Journal Envy Requires" in the first account fieid.) Journal entry worksheet Journal entry worksheet (1) 23456 8 Record the cost of goods sold under the perpetual inventory system. Note: Enter debits before credits. Journal entry worksheet 6789 Sold 11 shovels on account at a selling price of $16 per unit. Record the transaction. Note: Enter debits before credits. Journal entry worksheet 678 Sold 7 shovels on account at a selling price of $16 per unit. Record the transaction. Note: Enter debits before credits. Journal entry worksheet \begin{tabular}{ll|llll} 2 & 3 & 7 & 8 & 9 \end{tabular} Bought 9 shovels on account at a cost of $8 per unit. Record the transaction. Note: Enter debits before credits. Journal entry worksheet 678 Record the cost of goods sold under the perpetual inventory system. Note: Enter debits before credits. Journal entry worksheet 56789 Record the cost of goods sold under the perpetual inventory system. Note: Enter debits before credits

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