Transaction 5

Sales were $66,000. Cost of merchandise sold was 50% of sales. 75% of sales were on open account. [Note:Record the complete entry for the sales first and the complete entry for the expenses second]

Account:CashAccounts ReceivableInventoryPrepaid RentFixtures and EquipmentAccounts PayableInterest PayableWages PayableNotes PayablePaid-in CapitalRetained EarningsLeave BlankDollar amount:Account:CashAccounts ReceivableInventoryPrepaid RentFixtures and EquipmentAccounts PayableInterest PayableWages PayableNotes PayablePaid-in CapitalRetained EarningsLeave BlankDollar amount:Account:CashAccounts ReceivableInventoryPrepaid RentFixtures and EquipmentAccounts PayableInterest PayableWages PayableNotes PayablePaid-in CapitalRetained EarningsLeave BlankDollar amount:Account:CashAccounts ReceivableInventoryPrepaid RentFixtures and EquipmentAccounts PayableInterest PayableWages PayableNotes PayablePaid-in CapitalRetained EarningsLeave BlankDollar amount:Account:CashAccounts ReceivableInventoryPrepaid RentFixtures and EquipmentAccounts PayableInterest PayableWages PayableNotes PayablePaid-in CapitalRetained EarningsLeave BlankDollar amount:Account:CashAccounts ReceivableInventoryPrepaid RentFixtures and EquipmentAccounts PayableInterest PayableWages PayableNotes PayablePaid-in CapitalRetained EarningsLeave BlankDollar amount:Tries 0/5