4 Part 1 of 2 equirea information [The following information applies to the questions displayed below.] Suppose your company sells services for $505 cash this month. Your company also pays $370 in salaries and wages, which includes $195 that was payable at the end of the previous month and $175 for salaries and wages of this month. 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 B Record the service revenue of $505 for cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal