12. 0.22 points E12-5 Part 1 1. Prepare the journal entries to record these transactions. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the sales revenue of $200 for cash and $100 on account and record the cost of goods sold of $125 using one journal entry. Note: Enter debits before credits Debit Credit Record entry Clear entry View generall journal O Type here to search Esc QIwE R kC Not secure ezto.mheducatin. Omp 12. value 0.22 points E12-5 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 2 Record the salaries and wages expense of $70. Note: Enter debits before credits. ansaction General Journal Debt Credi Record entry Clear entry View gene O Type here to search Not secure l ezton heducanon.con. 'n''. 13. 0.22 points value E12-5 Part 2,3 and 4 2. Calculate the amount that should be reported as net cash flow from operating activities. 3. Calculate the amount that should be reported as net income. 4. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requirement 2). (Amounts to be dducted should be indicated with a minus sign) Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Net Cash Flow from Operating ActivitiesS0 O Type here to search 99+