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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

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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.

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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

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