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Required information E12-3 Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) [LO 12- {The following information applies to the questions displayed below.)

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Required information E12-3 Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) [LO 12- {The following information applies to the questions displayed below.) Suppose your company sells services for $425 cash this month. Your company also pays $250 in salaries and wages. which includes $115 that was payable at the end of the previous month and $135 for salaries and wages of this month E12-3 Part 1 Required: 1. Prepare the journal entries to record these transactions. (If no entry is required for a transact Required in the first account field.) event, select "No Journal Entry View transaction list Journal entry worksheet AB

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