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Required Information E12-4 Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) (LO...

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Required Information E12-4 Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) (LO 12- 2] [The following information applies to the questions displayed below.) Suppose your company sells services of $290 in exchange for $190 cash and $100 on account. Depreciation of $120 relating to equipment also is recorded. E12-4 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.) View transaction list Journal entry worksheet

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