Vulcan Service Company experienced the following transactions for Year 1, its first year of operations: 1. Provided $78,000 of services on account. 2. Collected $46,800 cash from accounts recelvable. 3. Paid $30,000 of salaries expense for the year. 4. Adjusted the accounts using the following information from an accounts receivable aging schedule: Required a. Record the given transactions in general journal form and post to T-accounts. b. Prepare the income statement for Vulcan Service Company for Year 1. c. What is the net realizable value of the accounts recelvable at December 31 , Year 1 ? Complete this question by entering your answers in the tabs below. Record the given transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" Record the given transactions in general first account field. Round your intermediate calculations and final answers to nearest whole dollar.) Record the given transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your Intermediate calculations and final answers to nearest whole dollar.) Journal entry worksheet Collected $46,800 cash from accounts recelvable. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. What is the net realizable value of the accounts recelvable at December 31, Year 1 ? (Round your intermediate calculations and final answer to nearest whole dollar.) Record the given transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate calculations and final answers to nearest whole dollar.) Journal entry worksheet Note: Enter debits before credits. tecord the given transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate calculations and final answers to nearest whole dollar.) Journal entry worksheet Record the adjusting entry for uncollectible accounts. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. ost the entries to the T-accounts. (Round your intermediate calculations and final answers to nearest whole dollar.) Record the given transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate calculations and final answers to nearest whole dollar.) Journal entry worksheet Paid $30,000 of salarles expense for the year. Note; Enter debits before credits. a. Record the given transactions in general journal form and post to T-accounts. b. Prepare the income statement for Vulcan Service Company for Year 1. c. What is the net realizable value of the accounts recelvable at December 31 , Year 1 ? Complete this question by entering your answers in the tabs below. Prepare the income statement for Vulcan Service Company for Year 1. (Round your intermediate calculations and final answers to nearest whole dollar.)
