Suppose your company sells services of $150 in exchange for $120 cash and $30 on account. Depreciation of $50 relating to equipment is also recorded.

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 general journal Journal Entry Worksheet 1 2 Record the service revenue of $120 for cash and $30 on account. Debit Credit Transaction General Journal *Enter debits before credits clear entry done record entry