For each of the following transactions, indicate the journal entries and the net impact of transactions on total assets, total liabailities, total owners' equity, revenues/gains, expenses/losses, and cash flow from operating, investing and financing activities. Make sure to enter the amounts in the template as either positive for an increase, negative for a decrease, or zero for no impact.

TK Printer Systems (TK) markets a high-speed 3D printer for the manufacturing industry. The Company is located in Seattle, Washington and commenced business on January 1, 2020; the company's year-end is December 31. TK purchases the printers from two European contract manufacturers that produce on its behalf. The transactions noted below occured during 2020 - you need to prepare journal entries for the transactions on the dates as indicated.

1) On September 30, 2020, JayTek Inc ordered 200 printers (invoice price - $5.200 per unit). Early the morning of December 31, 2020 JayTek placed an order for 100 additional printers ($5,350 per unit). TK was able to complete the first order and shipped the 200 units FOB shipping point by truck to JayTek's California distribution center later the morning of December 31, 2020. JayTek wired payment for the entire amount of both orders to TK's bank prior to the end of the day December 31 (the bank notified TK that the funds had posted on the 31st). TK was able to ship the second order of 100 units FOB destination on January 2, 2021. JayTek received the first order on January 3, 2021 and the second order on January 6, 2021. Note that TK had no other orders/sales during 2020 other than the JayTek transactions. The company uses the FIFO method of accounting for inventory and the details of inventory activity through December 31, 2020 (just prior to the shipments) are as follows - Unit Total Date Description Units Cost Cost 1/1 Beg Inv 70 $2.410 $ 168,700 10/10 Purchases 130 2,175 282,750 10/15 Purchases 50 2,340 117,000 11/30 Purchases 50 2.401 120,050 12/31 Inv balance 300 $ 688.500 There were no additional inventory purchases from December 31 to January 3. Prepare the necessary journal entry as of December 31, 2020 for the JayTek transactions. 2) On December 15, 2020 the Board of Directors approved a buyback of 10,000 shares of the Company's common stock for cash; the buyback was executed on the 15th and the market price of the stock on that day was $40. The Board also approved a $.19 dividend (19 cents per share) on the 15th for shareholders of record on January 5, 2021 payable January 15, 2021. The total number of shares issued and outstanding as of December 15 was 1,500,000 after the stock buyback (the Company's treasury stock does not receive dividends). Prepare a journal entry for these transactions as of December 15, 2020. The following refers to an adjustment that needs to be made at the end of the year (year-end is December 31, 2020). Prepare the adjusting journal entry only and the consequent effect on the financial statements. 3) Based on the unadjusted trial balance as of December 31, 2020, TK had total A/R of $3,350,000 and an allowance for bad debt of $215,000 credit balance before any write-offs). As part of the year- end closing process, the Company determined that $140,000 of A/R was a "confirmed loss" and decided to write that amount off against the allowance for bad debt. In addition, based on further analysis, the Company determined that 6% of the remaining AR (calculated based on AR after the write-off) was doubtful and required a bad debt allowance. The Company uses the Balance Sheet Method for determining the bad debt allowance. Prepare the journal entry to write-off the "loss" AR and to provide the necessary allowance for bad debt for the remaining AR after the write-off. G J/E Account Amount Assets 1 Dr. Cr. Cr. INT Dr. Cr. 4 Pts 2 Dr. Dr. Cr. Cr. 3.5 Pts 3 Dr. Cr. Dr. Cr. 4 Pts Assets Liabilities Orqy Revues Mali Express Cash Flow fusesting Opera Facing