Course Contents > MODULE 3 PROBLEMS >> Timer an Evaluate Feedback Print Info Transaction 5 Sales were $70,000. Cost of merchandise sold was 50% of sales. 40% of sales were for cash. (Note: Record the complete entry for the sales first and the complete entry for the expenses second] Account: Cash Dollar amount: 28000 Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: C Dollar amount: Account: Dollar amount: st Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable