Transaction 5 Sales were $70,000. Cost of merchandise sold was 70% 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: Cash r> Dollar amount: 21000 Account: Accounts Receivable Dollar amount: 49000 Account: Retained Earnings Dollar amount: 70000 Account: Inventory Dollar amount: 49000 Account: Retained Earnings Dollar amount: 21000 Account: Leave Blank Dollar amount: Foil1=Leave%20Blank Submit Answer Incorrect. Tries 3/5 Previous Tries Account: Account: Submit Ansi Threaded Export Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank NEW I he