Sales were $66,000. Cost of merchandise sold was 55% of its sales price. 30% of the sales were for cash. [Note: Record the sales transaction first and the expense transaction second]

Account: Cash Account: Accounts Receivable Inventory Prepaid Rent Account: Fixtures and Equipment Accounts Payable Account: Interest Payable Wages Payable Account: Notes Payable Paid-in Capital Retained Earnings Submit Ans Leave Blank