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cash, accounts receivable, inventory, prepaid rent, fixtures and equipment , accounts payable, interest payable, wages payable, notes payable, paid in capital, retained earnings Transaction 5
cash, accounts receivable, inventory, prepaid rent, fixtures and equipment , accounts payable, interest payable, wages payable, notes payable, paid in capital, retained earnings
Transaction 5 Sales were $72,000. Cost of merchandise sold was 65% of sales. 35% of sales were for cash. [Note: Record the complete entry for the sales first and the complete entry for the expenses second] Account: Cash Dollar amount: 25200 Account: Accounts Receivable Dollar amount: 46800 Account: Retained Earnings Dollar amount: 25200 Account: Leave Blank Dollar amount: Foil1=Leave%20Blank Account: Leave Blank Dollar amount: Foilt=Leave%20Blank Account: Leave Blank Dollar amount: Foil1=Leave%20Blank Submit Answer Some items were not submitted. Tries 0/5 Previous TriesStep by Step Solution
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