6 want Problem: Module 2 Textbook Problem 6 Learning Objectives: 2-3 Use the percent of receivables method to estimate the uncollectible accounts expense 2-4 Use aging of accounts receivable to estimate the uncollectible accounts expense Roth Service Co. experienced the following transactions for Year 1, its first year of operations 1. Provided $80,000 of services on account. 2. Collected $50,900 cash from accounts receivable. 3. Paid $28,000 of salaries expense for the year. 4. 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 $15,500 0.01 8-30 5,200 e.es 31-60 3,300 0.10 61-90 1,500 0.30 Over 90 days 3,600 0.50 < Prev 6 of 20 Next > 53F Sunny 2:15 PM 1/30/2022 D