Provided $74,000 of services on account 2. Collected $44,700 cash from accounts receivable. Paid $30,000 of salaries expense for the year. Roth adjusted the accounts using the following information from an accounts receivable aging schedule: Percent Likely to Be Uncollectible Allowance Number of Days Past Due Balance Amount crent 5,200 0-30 0.05 31-60 3,700 1,400 3,700 0.10 0.30 61-90 Over 90 days 0.50 Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare an income statement for Roth Service Co. for 2018. . What is the net realizable value of the accounts receivable at December 31, 2018? Complete this question by entering your answers in the tabs below. Required Required B Required C Organize the transaction data in accounts under an accounting equation. (Enter any decreases to account balances with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank.) ROTH SERVICE CO. Horizontal Statements Model Equity Assets Accounts Titles for Retained Liabilities+ Event Account Retained Earnings Cash Allowance Earnings Receivable 1 2. 3 + + 4 + + - Bal. Provided $74,000 of services on account 2. Collected $44,700 cash from accounts receivable. Paid $30,000 of salaries expense for the year. Roth adjusted the accounts using the following information from an accounts receivable aging schedule: Percent Likely to Be Uncollectible Allowance Number of Days Past Due Balance Amount crent 5,200 0-30 0.05 31-60 3,700 1,400 3,700 0.10 0.30 61-90 Over 90 days 0.50 Required a. Organize the transaction data in accounts under an accounting equation. b. Prepare an income statement for Roth Service Co. for 2018. . What is the net realizable value of the accounts receivable at December 31, 2018? Complete this question by entering your answers in the tabs below. Required C Required B Required A 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 1. Provided $74,000 of services on account. 2. Collected $44,700 cash from accounts receivable. a $30,000 of salaries expense for the year Oat 4. Roth adjusted the accounts using the following information from an accounts receivable aging schedule: Percent Likely to Be Allowance Number of Days Past Due Amount Uncollectible Balance Current $15,300 5,200 0.01 0-30 0.05 1,400 61-90 0.30 Over 90 days 3,700 0.50 Required a. Organize the transaction data in accounts under an accounting equation. o. Prepare an income statement for Roth Service Co. for 2018. . What is the net realizable value ofthe accounts receivable at December 31, 2018? Complete this question by entering your answers in the tabs below. Required A Required B Required C What is the net realizable value of the accounts receivable at December 31, 2018? Net realizable value Required C> Required B
