Question: If using Excel could you please include screenshots of the formulas used? Required Information [The following information applies to the questions displayed below.) Suppose your

If using Excel could you please include screenshots of the formulas used?

If using Excel could you please include screenshots of the formulas used?

Required Information [The following information applies to the questions displayed below.) Suppose

Required Information [The following information applies to the questions displayed below.) Suppose your company sells goods for $300, of which 200 is received in cash and $100 is on accountThe goods cost your company $125 and were paid for in a previous period. Your company also recorded salaries and wages of $70, of which only $30 has been paid in cash. 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 Journal entry worksheet Record the sales revenue of $200 for cash and $100 on account and record the cost of goods sold of $125 using one journal entry Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Cash 200 Accounts Receivable 100 Required Information [The following information applies to the questions displayed below.) Suppose your company sells goods for $300, of which $200 is received in cash and $100 is on account. The goods cost your company $125 and were paid for in a previous period. Your company also recorded salaries and wages of S70. of which only $30 has been paid in cash. 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 Journal entry worksheet

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