Suppose your company sells services of $370 In exchange for $205 cash and $165 on account Required: 1. Prepare the Journal entry to record this transaction (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the service revenue of $205 for cash and $165 on account. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal