Transaction 5 Sales were $80,000. Cost of merchandise sold was 75% of sales. 75% of sales were on open account. [Note: Record the complete sales entry first, and the complete expense entry second.] Account: Account: Dollar amount: Dollar amount: Account: Dollar amount: Account: Dollar amount: Cash Account: Accounts Receivable Dollar amount: Inventory Account: Prepaid Rent Dollar amount: Fixtures and Equipment Accounts Payable Submit Ans Interest Payable Wages Payable Threaded Notes Payable Other Views ... Export Paid-in Capital NEW A Leave Blank Retained Earnings Apr 19 12:57:53 pm 2022 (EDT)) My general preferences on what is marked as NEW Mark NEW posts no longer new