Required information [The following information applies to the questions displayed below.) Suppose your company sells goods for $310, of which $205 is received in cash and $105 is on account. The goods cost your company $127 and were paid for in a previous period. Your company also recorded salaries and wages of $75, of which only $31 has been paid in cash. 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