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Required information E12-3 (Algo) Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) [LO 12-2] [The following information appliles to the questions displayed

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Required information E12-3 (Algo) Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) [LO 12-2] [The following information appliles to the questions displayed below] Suppose your company sells services for $365 cash this month. Your company also pays $160 in salaries and wages, which includes $55 that was payable at the end of the previous month and $105 for salaries and wages of this month. 12-3 (Algo) Part 1 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 Record the service revenue of $365 for cash. Note: Enter debits before credits. Journal entry worksheet Record the salaries and wages paid of $160. Note: Enter debits before credits

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