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 $50,000 cash. 2. Purchased $140,000 of merchandise on account. 3. Sold merchandise that cost $110,050 for $250,000 on account. 4. Collected $236,000 cash from accounts recelvable. 5. Paid $118,000 on accounts payable. 6. Paid $50,000 of salaries expense for the year. 7. Paid other operating expenses of $28,000. 8. Roth adjusted the accounts using the following information from an accounts receivable aging schedu Required a. Record the given transactions in general journal form and post to T-accounts