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accounting question 1. Provided $88,000 of services on account. 2. Collected $56,700 cash from accounts receivable. 3. Paid $28,000 of salaries expense for the year.
accounting question 1. Provided $88,000 of services on account. 2. Collected $56,700 cash from accounts receivable. 3. Paid $28,000 of salaries expense for the year. 4. Roth adjusted the accounts using the following information from an accounts receivable aging schedule: Allowance Balance Number of Days Past Due Current @-30 31-60 61-90 Over 90 days Amount $15,600 6,000 4,000 1,700 4,000 Percent Likely to Be Uncollectible 0.01 0.05 0.10 0.30 @.5e Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare an income statement for Roth Service Co. for 2018 c. What is the net realizable value of the accounts receivable at December 31, 2018? Required A Required B Required C Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank.) ROTH SERVICE CO. Horizontal Statements Model Equity Liabilities + Retained Allowance Earnings ' Assets + Accounts Receivable Cash Accounts Titles for Retained Earnings 1. 3. 4. Bal. 10+ 01 + Required B > Complete lilS questiull by Emitting your answers m Required A Required B Required C Prepare an income statement for Roth Service Co. for 2018. ROTH SERVICE CO. Income Statement For the Year Ended December 31, 2018 Operating expenses Total operating expenses
accounting question
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