Answer all of these, please

2 E6-4 Inferring Shrinkage Using a Perpetual Inventory System [LO 6-2] In fiscal 2015, Macy's reported cost of goods sold (before shrinkage) of $16.5 billion, ending inventory for 2015 of $5.5 billion, and ending inventory for the previous year (2014) of $5.4 billilion nts Required: If the cost of inventory purchases was $16.9 billion, what was the cost of shrinkage during 2015? (Enter your answer in billions rounded to 1 decimal place.) Skipped elook Cost of Shrinkage billion Print ferences 7 Required Informetion PA6-1 Reporting Purchase Transections between Wholesale and Retail Merchandisers Using Perpetual Inventory Systems (LO 6-3) [The following information applies to the questions displayed below The transactions listed below are typical of those involving New Books Inc. and Readers' Corner. New Books is a wholesale merchandiser and Readers' Corner is a retail merchandiser. Assume all sales of merchandise from New Books to Readers' Corner are made with terms n/30, and the two companies use perpetual inventory systems. Assume the following transactions between the two companies occurred in the order listed during the year ended August 31 a New Books sold merchandise to Readers' Corner at a selling price of $550,000. The merchandise had cost New Books $415,000 b Two days later, Readers Corner complained to New Books that some of the merchandise differed from what Readers Corner had ordered. New Books agreed to give an allowance of $10,000 to Readers Corner. Readers' Corner also returned some books, which had cost New Books $2,000 and had been sold to Readers' Corner for $3,500. c Just three days later, Readers Corner paid New Books, which settled all amounts owed PA6-1 Part 2 2. Prepare the journal entries that Readers' Corner would record. (If no entry Is required for a transaction/event, select "No Journal Entry Required" In the first account fleld.) Answer is not complete. No Transaction General Journal Credit Debit 1 Inventory 550,000 Accounts Payable 550,000 2 b. Accounts Payable 10,000 Inventory 10.000 3 Accounts Payable 540.000 Cash inventory Requlred Information PA6-2 Reporting Sales Transactions between Wholesale and Retail Merchendisers Using Perpetual Inventory Systems [LO 6-4, LO 6-6] nts [The following information applies to the questions displayed below,.] The transactions listed below are typical of those involving New Books Inc. and Readers Corner. New Books is a wholesale merchandiser and Readers' Corner is a retail merchandiser. Assume all sales of merchandise from New Books to Readers' Corner are made with terms n/30, and the two companies use perpetual inventory systems. Assume the following transactions between the two companies occurred in the order listed during the year ended August 31 eBook Print a. New Books sold merchandise to Readers' Corner at a selling price of $550,000. The merchandise had cost New Books $415,000. b Two days later, Readers' Corner complained to New Books that some of the merchandise differed from what Readers Corner had ordered. New Books agreed to give an allowance of $10,000 to Readers' Corner. Readers Corner also returned some books, which had cost New Books $2,000 and had been sold to Readers' Corner for $3,500. c Just three days later, Readers' Comer paid New Books. which settled all amounts owed eferences PA6-2 Part 2 2 Prepare the journal entries New Books would record. (If no entry Is requlred for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list View journal entry worksheet General Journal Debit No Transaction Credit Accounts Receivable 1 a(1) 550,000 550,000 Sales Revenue Cost of Goods Sold 2 a2) 415,000 Inventory 415,000 Sales Revenue b(1) 10,000 10,000 Accounts Receivable No Joumal Entry Required b2) 5 No Jounal Entry Required 00 C1