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cass #2 Roth Service Company experienced the following transactions for Year 1. its first year of operations: 1. Provided $72,000 of services on account. 2.
cass #2
Roth Service Company experienced the following transactions for Year 1. its first year of operations: 1. Provided $72,000 of services on account. 2. Collected $43,000 cash from accounts recelvable. 3. Paid $28,000 of salaties expense for the yeat. 4. Roth adjusted the accounts using the following information from an accounts receivable aging schedule Required o. Organize the tronsaction dato in accounts under an accounting equation. b. Prepare an income statement for Roth Service Company for Year 1 . c. What is the net realizable value of the accounts recelvable at December 3t, Year 1 ? Required o. Organize the transaction data in accounts under an accounting equation. b. Prepare an income statement for Roth Service Company for Year 1. c. What is th jizable value of the accounts receivable at December 31 , Year 1 ? Complete this question by entering your answers in the tabs below. Organize the tronsoction data in accounts under an accountih equation. Note: Enter any decreasus to occount balances with a minus sign. teave cells blank if no ingut is needed. Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare ar -statement for Roth Service Company for Year 1. c. What is the ner icalizable value of the accounts receivable at December 31 , Year 1 ? Complete this question by entering your answers in the tabs below. Prepare an income statement for Roth Service Company for Year 1. Required o. Organize the transaction data in accounts under an accounting equation. b. Prepare an income statement for Roth Service Company for Year 1. c. What is the net realizable value of the accounts recelvable at December 31 , Year 1 ? Complete this question by enteri he tabs below. What is the net realizable value of the accounts receivable at December 31 , Year 1 Step by Step Solution
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