Exercise $5-10$A $($Algo$)$ Accounting for uncollectible accounts: Use of an aging schedule LO $5-2$ and LO $5-$

$3$

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

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

Collected $$44,000$ cash from accounts receivable.

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

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

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 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.