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Sales were $60,000. Cost of merchandise sold was 55% of sales. 60% of sales were on open account Sales were $60,000. Cost Of merchandise sold

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Sales were $60,000. Cost of merchandise sold was 55% of sales. 60% of sales were on open account

Sales were $60,000. Cost Of merchandise sold was 55% Of sales. 60% Of sales were on open account. Account: Account: Account: Account: Account: Account: Cash Accounts Receivable Retained Earnings Inventory Retained Earnings Leave Blank e e e e e Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount:

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