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Roth Service Company experienced the following transactions for Year 1 , its first year of operations: 1 . Provided $ 7 4 , 0 0
Roth Service Company experienced the following transactions for Year its first year of operations:
Provided $ of services on account.
Collected $ cash from accounts receivable.
Paid $ 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
Balance
Number of Days Past Due
Amount
Current
$
to
to
Over days
Required
a Organize the transaction data in accounts under an accounting equation.
b Prepare an income statement for Roth Service Company for Year
c What is the net realizable value of the accounts receivable at December Year
Complete this question by entering your answers in the tabs below.
Required A
Required B
Required C
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.
ROTH SERVICE COMPANY
Assets
Cash
Net Realizable Value of
Accounts Receivable
Accounting Equation for Year
Stockholders'
Equity
Liabilities
Retained
Earnings
Account Titles for Retained Earnings
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