Roth Service Co. experienced the following transactions for Year 1, its first year of operations: Provided $110,000 of services on account. Collected $89,000 cash from accounts receivable. Paid $41,000 of salaries expense for the year. Roth adjusted the accounts using the following information from an accounts receivable aging schedule: Number of Days Past DueAmountPercent 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 Organize the transaction data in accounts under an accounting equation. Prepare an income statement for Roth Service Co. for Year 1. What is the net realizable value of the accounts receivable at December 31, Year 1

Joint cost cheyenne, inc. produces three products from a common input. the joint costs for a typical quarter follow: direct materials $45,000 direct labor 55,000 overhead 60,000 the revenues from each product are as follows: product a $75,000 product b 80,000 product c 30,000 management is considering processing product a beyond the split-off point, which would increase the sales value of product a to $116,000. however, to process product a further means that the company must rent some special equipment costing $17,500 per quarter. additional materials and labor also needed would cost $12,650 per quarter. a. what is the gross profit currently being earned by the three products for one quarter? $answer b. what is the effect on quarterly profits if the company decides to process product a further? $answer