Sales were $62,000. Merchandise was sold for 1.5 times its purchase cost. 20% of the sales were for cash. Note: Record the complete entry for the sales first and the complete entry for the expenses second] Dollar amount: Account: Cash 12400 Account: Accounts Receivable Dollar amount: 49600 Account: Retained Earnings Dollar amount: -62000 Dollar amount: Account Retained Earnings 41,333.33 Account: InventoryDollar amount: 41.333.33 Account: Leave Blank Dollar amount: Foil 1 =Leave%20Blank Submit AnswerIncorrect. Tries 3/5 Previous Tries