all the questions. Show all of your work 1. Sparrow Corporation uses the perpetual inventory system: 7-1: Sparrow purchases a diamond bracelet from DeBeers on account for $50,000. The payment terms are 2/10N/30. The shipping terms are FOB shipping point. 7-2: Sparrow pays the delivery charges in cash, $500. 7-5: Sparrow pays the DeBeers bill in cash. 7-10: Bella Barnes buys the bracelet for $70,000, cash Required: Prepare the appropriate journal entries and post them to the ledger. 2. Starling Sweaters Company uses the periodic inventory system. Starling had the following inventory purchases during the year: Date 1-1 3-1 6-1 9-1 Total # of units 100,000 150,000 200,000 300,000 750,000 Cost per Unit $4 $5 $6 $7 Total Cost $400,000 $750,000 $1,200,000 $2,100,000 $4,450,000 During the year 600,000 units were sold. The ending inventory is 150,000 units. Required: Calculate cost of goods sold and ending inventory using first in first out, last in first out, and weighted average. 3. Gina's Gown's uses the perpetual inventory system. I 8-1: purchased a gown from Prade for $70,000, cash. The shipping terms are FOB Destination. 8-15: Tara Taylor purchases the gown on account for $100,000. The payment terms are 2/10/N/30. 9-10: Tara Taylor pays the invoice. 4. Bethany's Bracelets uses the Perpetual inventory system. 7-1: Purchases a bracelet from Tiffany's for $100,000, cash. 7-10: Rill Ryan buys the bracelet for $140,000. The terms of the sale are 2/10/N/30. 7-15: Rill Ryan pays the invoice. 5. Carter's Coats had sales of $500,000 in 2022. The Cost of goods sold for 2022 was $250,000. Carter estimates 10% of the sales will be returned. a. Required: Prepare the adjusting journal entries for sales returns payable. b. Extra Credit: Wren Wright returned a coat on January 7th. The coat was sold for $5,000, cash and had a cost of $2,500. Required: Prepare the journal entries for the return