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Required information E12-4 (Algo) Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) [LO 12-2] [The following information applies to the questions displayed

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Required information E12-4 (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 services of $270 in exchange for $180 cash and $90 on account. Depreciation of $110 relating to equipment also is recorded. E12-4 (Algo) Part 1 Required: 1. Prepare the journal entries to record these transoctions. (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 service revenue of $180 for cash and $90 on account. Note: Enter debits before credits. Journal entry worksheet Record the service revenue of $180 for cash and $90 on account. Note: Enter debits before credits. Journal entry worksheet Record the depreciation expense of $110. Note: Enter debits before credits

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