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Required information E12-3 Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) (LO 12- 2) (The following information applies to the questions displayed
Required information E12-3 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 services for $345 cash this month. Your company also pays $130 in salaries and wages, which includes $35 that was payable at the end of the previous month and $95 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 transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the service revenue of $345 for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet
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