Required information [The following information applies to the questions displayed below.] Suppose your company sells services...
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Required information [The following information applies to the questions displayed below.] Suppose your company sells services for $505 cash this month. Your company also pays $370 in salaries and wages, which includes $195 that was payable at the end of the previous month and $175 for salaries and wages of this month. 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.) Required information [The following information applies to the questions displayed below.] Suppose your company sells services for $505 cash this month. Your company also pays $370 in salaries and wages, which includes $195 that was payable at the end of the previous month and $175 for salaries and wages of this month. 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.)
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