Module 2 Textbook Problems 1 6 Problem: Module 2 Textbook Problem 6 Learning Objectives: 0.5 por H DE 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 $70.000 of services on account 2. Collected $40.400 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 Percent Likely to Be Number of Days Past Due Anount Uncollectible Allowance Balance Current $16,200 0.01 0-30 5,300 0.05 31-60 61-98 Over 90 days Required 3,400 0.10 1,300 8.30 3,400 0.58 a. Organize the transaction data in accounts under an accounting equation. b. Prepare an income statement for Roth Service Co. for Year 1 c. What is the net realzable value of the accounts receivable at December 31, Year 17 Complete this question by entering your answers in the tabs below. Prev 620 Next > Help Save & Exit Submit Check my work