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Transaction 5 [Note: Record the complete entry for th Sales were $76,000. Cost of merchandise sold was 55% of its sales price, 60% of the

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Transaction 5 [Note: Record the complete entry for th Sales were $76,000. Cost of merchandise sold was 55% of its sales price, 60% of the sales were on open account. Account: Account: e sales first and the complete entry for the expenses second] Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Account Account: Account: un March 1, the three class nates opened d checkinq dccount or lhe Wire dt d ocal benk Ihey eech depus ted S21,00o in exchange ur shares of stock, A e of their r ends dlso purchased stock taling $15,0 0 that was deposited 'he Wire dccou Account Cash Accourit Invamory Account Foturesand Equipment Account: Intect Payabla Accounts Receivable Prepaid Rent Accounts Payab Dollar amount: Dollar amount: Dollar emount: Dollar amount: Dollar emount: 2 Wags Payabia Nobes Payable Haid-in Capital Retained Earings Post is Send Feedb Post Dis Leava lank

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