E12-5 Understanding the Computation of Cash Flows from operating Activities (Indirect Me /The following information applies to the questions displyed below. suppose your company sells goods for s300, of which $200 is received in cash and $100 is on account The goods cost your company $125 and were paid for in a previous period. Your company also recorded salaries and wages of $70, of which only $30 has been paid in cash. E12-5 Understanding the Computation of Cash Flows from Section Break Operating Activities direct Method) LO 12-2) (in 2. 0.50 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 view general journal 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. General Journal Debit Credit Transaction *Enter debits before credits clear entry record en a O Type here to search