Transaction 5 Sales were $70,000. Cost of merchandise sold was 75% of sales. 65% of sales were on open account. [Note: Record the complete sales entry first, and the complete expense entry second.] Account: Cash Dollar amount: 24500 Account: Accounts Receivable Dollar amount: 45500 Account: Leave Blank Dollar amount: 70000 Account: Accounts Payable Dollar amount: 52500 Account: Inventory Dollar amount: 52500 Account: Retained Earnings Dollar amount: Submit Answer Some items were not submitted. Tries 2/5 Previous Tries pag Cash e Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable , Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Farnings Leave Blank