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: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Farnings Leave Blank