Transaction 5 Sales were $68,000. Cost of merchandise sold was 70% 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: Cash Dollar amount: 17000 1 Dollar amount: 51000 Account: Account: Account: Accounts Receivable Retained Earnings Retained Earnings Dollar amount: -68000 Dollar amount: 47600 Account: Inventory Dollar amount: 47600 Account: Leave Blank Dollar amount: Foil1=Leave%20Blank