Question: ccount: Dollar amount: ccount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount Transaction 5 sales were $70,000. Account: Account: Account: Account: Account: Account:

Transaction 5 sales were $70,000. Account: Account: Account: Account: Account: Account: Cost

ccount: Dollar amount: ccount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount

Transaction 5 sales were $70,000. Account: Account: Account: Account: Account: Account: Cost of merchandise sold was 50% of sales. Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: 30% of sales were for cash. [Note: Record the complete sales entry and the complete expense entry second.)

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