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Need help on the given question. Required information [The following information applies to the questions displayed below.] Suppose your company sells goods for $450, of
Need help on the given question.
Required information [The following information applies to the questions displayed below.] Suppose your company sells goods for $450, of which $275 is received in cash and $175 is on account. The goods cost your company $155 and were paid for in a previous period. Your company also recorded salaries and wages of $145, of which only $45 has been paid in cash. equired: . 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.) Journal entry worksheet B Record the sales revenue of $275 for cash and $175 on account and record the cost of goods sold of $155 using one journal entry. Note: Enter debits before credits. Journal entry worksheet Record the salaries and wages expense of $145. Note: Enter debits before credits
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