Sales were $70,000. Cost of merchandise sold was 75% of sales. 65% of sales were on open account. [Note: Record the complete sales entry first, and the complete expense entry second.] Account: Cash v Dollar amount: 24500 Account: Accounts Receivable Dollar amount: 45500 Account: Retained Earnings Dollar amount: 70000 Account: Accounts Payable Account: Inventory Account: Leave Blank Dollar amount: 52500 v Dollar amount: 52500 3 Dollar amount: Foil1-Leave%20Blank Submit Answer Incorrect. Tries 1/5 Previous Tries Leave Blank > Cash Accounts Receivable Inventory e Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable er Wages Payable ai Notes Payable ai Paid-in Capital Retained Earnings Leave Blank