ACCOUNTS RECEIVABLE 20 points AA Ltd sells wood Adirondack chairs for $200 each. The opening balance in Accounts Receivable, on April 1, was $43,500 Dr and in the allowance account AFDA (Allowance For Doubtful Accounts) was $2,900 Cr. Part A 15 points Prepare journal entries to record the following transactions during the month of April, assuming that AA Ltd uses the Allowance Method to account for bad debts. April Sold 80 chairs on account, with a cost of $90 per chair. An accounts receivable of $2,600 belonging to Smith was overdue; AA decided to write off the account Collected half of the amount owing from the April 4 sale. Unexpectedly received $1,000 payment in cash from Smith, who's account had been written off on April 11 30 AA estimates that 4% of its accounts receivable balance will be uncollectible. Prepare the adjusting journal entry to record bad debt. Part B 5 points What are the April 30 adjusted balances for Accounts Receivable and AFDA that will appear on the month-end balance sheet? in your answer, include "net Accounts Receivable". 4 11 18 20