The answer is a series of journal entries that record the company's sales, cost of goods sold, and inventory purchases for the year 2017. 1. First, we calculate the cash sales, which are 25% of the total sales ($1,100,600). So, 25% of $1,100,600 equals $275,150. This is the amount of cash received from sales. 2. The remaining sales are on credit, so we subtract the cash sales from the total sales to find the accounts receivable: $1,100,600 - $275,150 equals $825,450. 3. The journal entry for sales is then: Debit: Cash $275,150 Debit: Accounts Receivable $825,450 Credit: Sales $1,100,600 4. The cost of goods sold is given as $690,300. The journal entry for this is: Debit: Cost of Goods Sold $690,300 Credit: Inventory $690,300 5. For inventory purchases, 10% were cash purchases. So, the cash paid for inventory is 10% of $738,200, which equals $73,820. The remaining purchases are