E12-2 Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) [LO 12-2 Suppose your company sells services of $370 in exchange for $205 cash and $165 on account Required 1. 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.) Journal entry worksheet Record the service revenue of $205 for cash and $165 on account ransaction General Journal Debit Credit Clear entry