0 Required information E12-3 Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) [LO 12- 2) The following information applies to the questions displayed below Suppose your company sells services for $425 cash this month. Your company also pays $250 in salarles and wages, which includes $115 that was payable at the end of the previous month and $135 for salaries and wages of this month. E12-3 Part 1 Required 1. Prepare the journal entries to record these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the service revenue of $425 for cash