5a LA

Roth Service Co. experienced the following transactions for 2018, its first year of operations:

Provided $110,000 of services on account.

Collected $89,000 cash from accounts receivable.

Paid $41,000 of salaries expense for the year.

Roth adjusted the accounts using the following information from an accounts receivable aging schedule:

Number of Days Past Due	Amount			Percent Likely to Be Uncollectible		Allowance Balance
Current	$	9,500		0.01
0-30		4,000		0.05
31-60		2,500		0.10
61-90		2,000		0.30
Over 90 days		3,000		0.50

Required

Organize the information in accounts under an accounting equation.

Prepare an income statement for Roth Service Co. for 2018.

What is the net realizable value of the accounts receivable at December 31, 2018?

Ron Service Co. experienced the following sensactions for 2012, its first year of operations. Provided Simo000 of services on account 2 Collected $89,000 cash from accounts receivable . 3. Pld 541000 of Dires expense for the year L. Ror adjusted the accounts using the following information from an accounts receiveble aging schedule Percent Italy to Allowance Number of Des Past Bat 0.91 ST, 4, as 3-3 31-se a 13 2,000 Over 90 days Required 2. Organize the information in accounts under an accounting equation, b. Prepare an income statement for Rosth Service Co. for 201a. C. Winot is the net realizable value of the accounts receivable at December 31, 2012? Complete this question by entering your answers in the tabs below. required A Required a Required C organize the information in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. Select "NAF there is no effect on the "Accounts Titles for Retained Earnings") ROTH SERVICE Co. Horiental statements made Assets Separate Ment Cash - Allowances Accounts Tires for Retained Earnings Receivable