Suppose your company sells services of $260 in exchange for $175 cash and $85 on account. Depreciation of $105 relating to equipment also is 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.)

Journal entry worksheet > Record the service revenue of $175 for cash and $85 on account. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general Journal Record the depreciation expense of $105. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal