Roth Service Company experienced the following transactions for Year $1,$ its first year of operations:

$1.$ Provided $$74,000$ of services on account.

$2.$ Collected $$44,300$ cash from accounts receivable.

$3.$ Paid $$32,000$ of salaries expense for the year.

$4.$ Roth adjusted the accounts using the following information from an accounts receivable aging schedule:

Percent Likely to Be

Uncollectible

$0\mathrm{.}01$

$0\mathrm{.}05$

$0\mathrm{.}10$

$0\mathrm{.}30$

$0\mathrm{.}50$

Allowance

Balance

Number of Days Past Due

Amount

Current

$$16,400$

$5,900$

$31$ to $60$

$61$ to $90$

Over $90$ days

$3,200$

$1,000$

$3,200$

Required

a$.$ Organize the transaction data in accounts under an accounting equation.

b$.$ Prepare an income statement for Roth Service Company for Year $1.$

c$.$ What is the net realizable value of the accounts receivable at December $31,$ Year $1?$

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 $1$

Stockholders'

Equity

$=$ Liabilities

Retained

Earnings

Account Titles for Retained Earnings