2. March 1 - RCI immediately purchased a slightly used van for $54,000 cash. It is expected that the new van will have an 8-year useful life and a salvage value of $6,000. Similar to the old van, the new van will be depreciated using the double declining balance method and partial year's depreciation. 3. March 6 - Sold forty confidential bins to Rodney, Inc. for $10,000 on account with terms 2/10, n/30. The cost of the equipment to RCI was $7,200. 4. March 9 - Rodney, Inc. complained that 5 of the bins purchased on March 6 were damaged on delivery and were being returned to RCI. 5. March 12 - Purchased on account, confidential shredding bins (inventory) in the amount of $12,600 with terms 2/10, n/30. 6. March 13 - Received full payment from Rodney, Inc. 7. March 13 - Paid bi-weekly payroll of $9,200 gross pay for the 10 working days. CPP was $460; EI was $130 and Payroll Taxes Withheld was $1850. 8. March 17 - RCI signed a shredding contract with a new client, Brentwood Industries. The contract will run from April 1, 2021 to March 31, 2022 at an agreed upon rate of $800 per month 9. March 19 - Paid for the confidential shredding bins purchased on March 12. 10. March 27 - Paid bi-weekly payroll of $9,200 gross pay for the 10 working days. CPP was $460; EI was $130 and Payroll Taxes Withheld was $1850. 11. March 30 - After repeated attempts to collect the $7,200 receivable owing from Shaw Enterprises, it was deemed uncollectible, and written off. 12. March 31 - Received an invoice from Suncorp Energy for utilities consumed during March in the amount of $2,620. This amount has not been recorded and will not be paid until April 13. March 31 - RCI declared and paid a $30,000 dividend to its shareholders