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Sales were $78,000. Cost of merchandise sold was 70% of sales. 65% of sales were on open account. [ Note: Record the complete sales entry

Sales were $78,000. Cost of merchandise sold was 70% 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:

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