Che Vulcan Service Co experienced the following transactions for Year 1, its first year of operations 1. Provided $74,000 of services on account. 2. Collected $44,400 cash from accounts receivable 3. Paid $30,000 of salaries expense for the year. 4. Adjusted the accounts using the following information from an accounts receivable aging schedule: $21,904 1,480 2,072 01 .05 .10 .30 .50 0-30 61-90 Over 90 days 2,368 Required a. Record the above transactions in general journal form and post to T-accounts b. Prepare the income statement for Vulcan Service Co. for Year 1 c. What is the net realizable value of the accounts receivable at December 31, Year 1? Complete this question by entering your answers in the tabs below Required A Fr Prev 70f 71ll Next