Please include a T-account with trail marks. Explain any complicated steps.

Sally Foote was the sole shareholder of a private corporation, Foote's Print and Design Shop Inc. (FPDS), an outlet for custom-designed stationery products. FPDS had enjoyed moderate success over the past two years and Foote attributed this partially to the attention she paid to her customers and to their accounts. For example, generous credit terms of 3/15,n/45 were offered but only to her best clients who showed an acceptable credit rating. Also, Foote assessed all outstanding accounts every six months to ensure that this part of her business was operating smoothly. On October 3, Foote set out to determine the accounts receivable position of FPDS for the six months ending September 30, 2014. She retrieved the partial Balance Sheet of FPDS as at March 31, 2014 as well as the selected information listed below. Foote also calculated some additional information. Gross sales for the period were $48,746 of which $17,836 were for cash. Total discounts taken during the past six months by customers amounted to $835 as credit terms offered were 3/15,n/45. Before completing her task, Foote compiled the selected information listed below: APRIL 4, 2014 MAY 24, 2014 G. Sinker called to complain of design errors on her business cards. She agreed to keep the cards in exchange for a $25 reduction of her outstanding account. Slate Real Estate, a major customer of FPDS, went bankrupt. Since Foote believed they would not be able to pay any of their $304 outstanding account, she decided to write off the account. REQUIRED 1. Record opening balances and all of the transactions and adjusting entries relating to the above selected information including all cash and credit activities for FPDS in T-accounts. 2. What is the Net Value of Accounts Receivable for FPDS as at September 30, 2014