Suppose your company sells goods for $480, of which $290 is received in cash and $190 is on account. The goods cost your company $161 and were paid for in a previous period. Your company also recorded salaries and wages of $160, of which only $48 has been paid in cash value 1.00 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.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 290 190 Cash Accounts Receivable Cost of Goods Sold Sales Revenue 2 160 Salaries and Wages Expense Cash Salaries and Wages Payable