[The following information applies to the questions displayed below.) Suppose your company sells goods for $420, of which $260 is received in cash and $160 is on account. The goods cost your company $149 and were paid for in a previous period. Your company also recorded salaries and wages of $130, of which only $42 has been paid in cash. 5. value: 0.30 points Required informati 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 1 Cash Accounts Receivable Cost of Goods Sold Sales Revenue 260 160 149 569 22 130 Salaries and Wages Expense Salaries and Wages Payable