ne X C | Chegg.com ducation.com/ext/map/index.html?_con-con&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.und.edu%252Fwebapps mework Saved ! Required information E12-5 (Algo) 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 goods for $410, of which $255 is received in cash and $155 is on account. The goods cost your company $147 and were paid for in a previous period. Your company also recorded salaries and wages of $125, of which only $41 has been paid in cash. E12-5 (Algo) 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 < A B Record the sales revenue of $255 for cash and $155 on account and record the cost of goods sold of $147 using one journal entry. www < Prev 3 of 10 Next >