Suppose your company sells goods for $310, of which $205 Is receved in cash and $105 is on account. The goods cost your company $127 and were pald for in a previous perod. Your company also recorded salaries and wages of $75, of which only $31 has been pald In cash value: 100 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.) View transaction list Journal entry worksheet Record the sales revenue of $205 for cash and $105 on account and record the cost of goods sold of $127 using one journal entry Note: Enter debits before credits. Transaction General Journal Credit