Determine the total sales and the total cost of merchandise sold for the period. Journalize the entries in the sales and cost of merchandise sold accounts. Assume that all sales were on account. If an amount box does not require an entry, leave it blank. Description Post. Ref. Debit Credit Record sale Accounts Receivable fill in the blank 97 138,450 fill in the blank 98 Sales fill in the blank 100 1 fill in the blank 101 692,940 Record cost Cost of Merchandise Sold fill in the blank 103 268,200 fill in the blank 104 Merchandise Inventory fill in the blank 106 fill in the blank 107 268,200 3. Determine the gross profit from sales for the period. $fill