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Required information [The following information applies to the questions displayed below.] Suppose your company sells services of $200 in exchange for $145 cash and
Required information [The following information applies to the questions displayed below.] Suppose your company sells services of $200 in exchange for $145 cash and $55 on account. Depreciation of $75 relating to equipment also is recorded. 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 A B Record the service revenue of $145 for cash and $55 on account. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit >
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