Suppose your company sells goods for $470, of which $285 is received in cash and $185 is on account. The goods cost your company $159 and were paid for in a previous period. Your company also recorded salaries and wages of $155, of which only $47 has been paid in cash. value 1.00 points 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 2 Record the sales revenue of $285 for cash and $185 on account and record the cost of goods sold of $159 using one journal entry. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal