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10 0.5 points eBook Hint Suppose your company sells services of $210 in exchange for $125 cash and $85 on account. Required: 1. Prepare
10 0.5 points eBook Hint Suppose your company sells services of $210 in exchange for $125 cash and $85 on account. Required: 1. Prepare the journal entry to record this transaction. 2. Identify the amount that should be reported as net cash flow from operating activities. 3. Identify the amount that would be included in net income.. 4. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requirement 2). Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Required 3 Required 4 Prepare the journal entry to record this transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal A 1 Cash Accounts Receivable Service Revenue Debit Credit 125 85 210
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