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The following information appies to the questions dispiayed below Suppose your company sells services of $230 In exchange for $160 cash and $70 on account.

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The following information appies to the questions dispiayed below Suppose your company sells services of $230 In exchange for $160 cash and $70 on account. Depreclation or $90 relating to equipment is also recorded. 3. Required information 1000 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.) Mew transaction llst Journal entry worksheet Record the service revenue of $160 for cash and $70 on account. Note: Enter debits before credits. General Journal Debit Record entry Clear entry Vew general journal

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