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Required information [The following information applies to the questions displayed below.] Roth Incorporated experienced the following transactions for Year 1 , its first year of

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Required information [The following information applies to the questions displayed below.] Roth Incorporated experienced the following transactions for Year 1 , its first year of operations: 1. Issued common stock for $80,000 cash. 2. Purchased $245,000 of merchandise on account. 3. Sold merchandise that cost $154,000 for $306,000 on account. 4. Collected $252,000 cash from accounts receivable. 5. Paid $230,000 on accounts payable. 6 . Paid $48,000 of salaries expense for the year. 7. Paid other operating expenses of $37,000. 8. Roth adjusted the accounts using the following information from an accounts receivable aging schedule. c. What is the net realizable value of the accounts receivable at December 31 , Year 1

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