12 Apr. Purchased an additional 200 units of inventory from a supplier on account at a per- unit cost of $38, with terms 5/10, n/45. 14 Apr. 17 Apr. 18 Apr. 20 Apr. 24 Apr. Collected a payment from the credit sales recorded on 6 April Return 200 units of inventory purchased on 12 April. Issued 3,000 shares of treasury stock for $18 per share. Sold 700 units of inventory at a per-unit selling price of $82 by cash. Made a payment for the credit purchase on 12 April. Paid $29,800 of operating expenses. Declared dividends in the amount of $15,000, to be paid in May 2021 29 Apr. 30 Apr. Additional information for adjustments 1. To depreciate the building purchased on 1 April 2021, the company uses the straight-line method over 20 years, with a residual value of $7,600. For the truck purchased on 1 April 2021, the company uses the units-of-production method. The company expects to use it for a total of 140,000 kilometers, with a residual value of $4,400. It was used for 2,800 kilometers in April. 2. The company uses the Aging of Accounts Receivable method to estimate bad debts. The company has the following information of Accounts Receivable as at 31 April 2021. Number of Days Past-due 1 - 30 31 - 50 61-90 $65,000 $32,000 $9,000 396 596 996 Accounts Receivable Estimated Uncollectible % Before the adjustment is recorded, the Allowance for Doubtful Accounts has a $1,650 credit balance. Instruction: 1. Prepare journal entries to record the transactions in April 2021. 2. Prepare adjusting entries to record the depreciation expenses and estimated bad debts on 30 April 2021 (for April adjustments). 3. Calculate the amount of Net Accounts Receivable as at 30 April 2021 (2 marks). 4. Prepare the section of stockholders' Equity to be reported on Balance sheet as at 30 April 2021 [Show calculations]