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Required information E12-3 (Algo) Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) [LO122] [The following information applies to the questions displayed below.] Suppose your company sells services for $475 cash this month. Your company also pays $325 in salaries and wages. which includes $165 that was payable at the end of the previous month and $160 for salaries and wages of this month. E12-3 (Algo) Part 1 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 $475 for cash. Note: Enter debits before credits. Journal entry worksheet Record the salaries and wages paid of $325. Note: Enter debits before credits