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 $325 cash this month. Your company also pays $100 in salaries and wages, which includes $15 that was payable at the end of the previous month and $85 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 2 Record the service revenue of $325 for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Cash 325 Record entry Clear entry View general journal