Required information [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. Quired: Prepare the journal entries to record these transactions. ote: 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 $180 for cash and $90 on account. Note: Enter debits before credits. Note: Enter debits before credits