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Required information [The following information applies to the questions displayed below.) Suppose your company sells services for $455 cash this month. Your company also pays $295 in salaries and wages, which includes $145 that was payable at the end of the previous month and $150 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.) View transaction list Journal entry worksheet A B Record the service revenue of $455 for cash.
Journal entry worksheet < A B Record the service revenue of $455 for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit
ournal entry worksheet A B Record the salaries and wages paid of $295. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit
Required information [The following information applies to the questions displayed below.] Suppose your company sells services for $455 cash this month. Your company also pays $295 in salaries and wages, which includes $145 that was payable at the end of the previous month and $150 for salaries and wages of this month. 2. Calculate the amount that should be reported as net cash flow from operating activities. 3. Calculate the amount that should be reported as net income. 4. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requirement 2). Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 4 Calculate the amount that should be reported as net cash flow from operating activities.
2. Calculate the amount that should be reported as net cash flow from operating activities. 3. Calculate the amount that should be reported as net income. 4. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requirement Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 4 Calculate the amount that should be reported as net income. Net Income
Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 4 Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requirement 2). (Amounts to be deducted should be indicated with a minus sign.) Net Income Decrease in Salaries and Wages Payable Net Cash Flow from Operating Activities