1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maxonik [38]
2 years ago
7

Roth Service Co. experienced the following transactions for 2018, its first year of operations: Provided $82,000 of services on

account. Collected $52,700 cash from accounts receivable. Paid $26,000 of salaries expense for the year. Roth adjusted the accounts using the following information from an accounts receivable aging schedule:
Number of Days Amount % Likely to Be Uncollectible Allowance Balance
Current $9,500 0.01
0-30 4,000 0.05
31-60 2,500 0.10
61-90 2,000 0.30
Over 90 days 3,000 0.50
Required

(a) Organize the information in accounts under an accounting equation.
(b) Prepare an income statement for Roth Service Co. for 2018.
Business
1 answer:
frosja888 [35]2 years ago
5 0

please find the attached for the answer

Download docx
You might be interested in
Information technology has been used to improve both internaland external access and sharing of information. Three main kinds of
Mashcka [7]

Answer:

1. Executive Information System (EIS).

2. Corporate Portal.

3. Intranet.

Explanation:

Information technology (IT) can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.

An information technology (IT) interacts with its environment by receiving data in its raw forms and information in a usable format.

Information technology (IT) has significantly helped to improve both internal and external access and sharing of information between two or more business firms and individuals. Basically, there are three (3) main kinds of information technology (IT) which allow informations to be accessed and shared internally among employees; executive information systems (EIS), intranets, and portals.

1. Executive Information System (EIS): it assist managers working in an organization to monitor and analyze organizational performance. An Executive information system is also referred to as an Executive support system and it can be defined as a management support system that enhances and supports all of the senior executive information and decision-making process.

2. Corporate Portal: it's a hybrid system that uses a web address (uniform resource locator-URL) to give employees access to customized information and specialized transactions with respect to an organization.

3. Intranet: it's an internal company network which is private and provides employees with easy access to information.

8 0
2 years ago
Which is the branch of the US Treasury Department that collects taxes?
romanna [79]
The answer to your question is IRS
6 0
3 years ago
Which type of marketing intermediary are sales representatives of manufacturers and wholesalers?
Len [333]

Answer:

C. Agents

Explanation:

They are sales representatives for manufacturers or wholesalers and usually are hired on a commission basis.

6 0
2 years ago
Rey bought 10 shares of Apex Co. for $17 each and later sold all of them at
cluponka [151]

Answer:

C. Capital Loss

Explanation:

When the selling price of an asset like bonds etc exceeds it purchase price then the capital profit will be the difference between sale and purchase price.

But if the purchase price is greater than the sale price the difference is called Capital loss.

Example: if we buy 100 shares for $20 each and after a year sell them for $ 18 then the difference is called the capital loss.

6 0
3 years ago
Explain the difference between a credit and a debit cards; weighing the pros and cons of both.
Katena32 [7]
Credit cards allow you to buy goods and services with credit and if you go over the credit limit you’ll be charged an overdraft fee but with debit cards you can connect the money you earn from your job to the card and spin the money on the card but when the money is gone you have to wait till next paycheck to spend more but they will not be an overdraft fee also credit cards can affect your ability to be approved for loans and pay house mortgages if your credit score is bad meaning you don’t have a good history of paying your bills on time it will make it hard for you to apply for car loans in house mortgages
7 0
2 years ago
Other questions:
  • How does Wikipedia work? What is different about this operation from other encyclopedias?
    6·2 answers
  • Do you think marketers truly have the power to change the way we think? If so, what are the
    9·1 answer
  • When you gave your friend a fifty-dollar bill for an iPod, you used money as a
    13·1 answer
  • What American business had a monopoly on the fur trade in the Far West?
    9·1 answer
  • If you expect the euro to depreciate, it would be appropriate to ____ for speculative purposes. Question 7 options: sell a euro
    13·1 answer
  • Walker Clothing Store has a balance in the Accounts Receivable account of $390k at the beginning of the year and a balance of $4
    8·1 answer
  • g The process of gathering information and forecasting relevant trends, competitive actions, and circumstances that will affect
    13·1 answer
  • The impacts of increasing petrol price on household​
    13·1 answer
  • Janet Gilbert is director of a lab. She has some extra capac- ity and has contracted with some small neighboring hospitals to ru
    8·1 answer
  • In a monopolistic competitive industry, firms can try to differentiate their products by
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!