-------------------------------------------- ---------------------------- ------------------------------------------------------------------------ | Transaction 5 Sales were $60,000. Cost of merchandise sold was 65% of sales. 70% of sales were on open account. [Note: Record the complete entry for the sales first and the complete entry for the expenses second] | Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: i Account: Dollar amount: Account: Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank Dollar amount: Account: Dollar amount: Submit Ans