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Suppose your company selis goods for $440, ot which $270 is recelved In cash and $170 is on account. The goods cost your company $153

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Suppose your company selis goods for $440, ot which $270 is recelved In cash and $170 is on account. The goods cost your company $153 and were pald for In a previous period. Your company also recorded salaries and wages of $140, of which onty $44 has been pald In cash. Required information 10.00 points 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.) transaction at Journal entry worksheet cost of goods sold of $153 using one journal entry. Note: Enter debits before credits. ction Debit Record entry Clear entry Mew general Journal

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