Roth Inc. 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 $166,000 for $330,000 on account.
4. Collected $276,000 cash from accounts receivable.
5. Paid $230,000 on accounts payable.
6. Paid $54,000 of salaries expense for the year.
7. Paid other operating expenses of $43,000.
8. Roth adjusted the accounts using the following information from an accounts receivable aging schedule:

Number of Days Past Due	Amount				Percent Likely to Be Uncollectible				Allowance Balance
Current	$	32,400				0.01
030		13,500				0.05
3160		2,700				0.10
6190		2,700				0.20
Over 90 days		2,700				0.50

Required a. Record the above transactions in general journal form and post to T-accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)