: Homework Saved Vulcan Service Co. experienced the following transactions for Year 1, its first year of operations: 1. Provided $68,000 of services on account. 2. Collected $40,800 cash from accounts receivable. 3. Paid $32,000 of salaries expense for the year. 4. Adjusted the accounts using the following information from an accounts receivable aging schedule: Allowance Balance Number of Days Past Due Current 0-30 31-60 61-90 Over 90 days Amount $20,128 1,360 1,904 1,632 2,176 Percent likely to Be Uncollectible .01 .05 .10 .30 .50 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 General Required AT Required B Required c 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? pints Skipped Complete this question by entering your answers in the tabs below. eBook Required A General Required AT Accounts Required B Required C Journal Record the above transactions in post to T-accounts. (Round your intermediate calculations and final answers to nearest whole da Cash Service Revenue Beg. Bal. Beg. Bal Hint Print End. Bal End. Bal. Accounts Receivable Salaries Expense Beg. Bal. Beg. Bal End. Bal. 0 End. Bal. Allowance for Doubtful Accounts Uncollectible Accounts Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal