Sales were $66,000. Cost of merchandise sold was 75% of sales. 65% of sales were on open account. [Note: Record the complete entry for the sales first and the complete entry for the expenses second]

use the following opitons for account:

Cash

Accounts recieveable

inventory

prepaid rent

fixtures and equiptment

accounts payable

interest payable

wages payable

notes payable

paid in capital

retained earnings

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