Required information

[The following information applies to the questions displayed below.] Suppose your company sells services of $350 in exchange for $220 cash and $130 on the account. Depreciation of $150 relating to equipment also is recorded.

Required:

1. Prepare the journal entries to record these transactions.

Journal entry worksheet Record the service revenue of $220 for cash and $130 on account. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal Journal entry worksheet