a. Sales on account were $1,800 and related cost of goods sold was $1,200. b. Issued 5,000 shares of $1 par value stock for $60,000 cash. View transaction list Journal entry worksheet 1 2 3 Record the sales on account of $1,800. Note: Enter debits before credits. Transaction a-1. Record entry General Journal Clear entry Debit Credit View general journal < 1 2 Record the cost of goods sold of $1,200 related to the sales. Transaction a-2. 3 Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal < 1 2 3 Issued 5,000 shares of $1 par value stock for $60,000 cash. Note: Enter debits before credits. Transaction b. Record entry General Journal Clear entry Debit Credit View general journal