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Prepare an income statement for Roth Service Company for Year 1. Exercise 5-10A (Algo) Accounting for uncollectible accounts: Use of an aging schedule LO 5-2

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Prepare an income statement for Roth Service Company for Year 1. Exercise 5-10A (Algo) Accounting for uncollectible accounts: Use of an aging schedule LO 5-2 and LO 5-3 Roth Service Company experienced the following transactions for Year 1, its first year of operations: 1. Provided $76,000 of services on account. 2. Collected $45,900 cash from accounts receivable. 3. Paid $26,000 of salaries expense for the year. 4. Roth adjusted the accounts using the following information from an accounts receivable aging schedule: Required a. 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 receivable at December 31, Year 1? 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. Organize the transaction data in accounts under an accounting equation. Note: Enter any decreases to account balances with a minus sign. Leave cells blank if no input is needed

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