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Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount Sales were $70,000. Cost of merchandise sold

Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount

Sales were $70,000. Cost of merchandise sold was 60% of sales. 35% of sales were for cash. [Note: Record the complete sales entry first, and the complete expense entry second.] Account: Account: Account: Account: Account: Account: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount:

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