Transaction 5 Sales wer complete entry for the sales first and the complete entry for the expenses second] n $74,000. Cost of merchandise sold was 50% of its sales price, 60% of the sales were on open account. [Note: Record the Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Account: Account: Accounts Receivable Account: Prepaid Rent Account: Accounts Payable Account: Wages Payable Account: Paid-in Capital Cash Inventory Fixtures and Equipment Interest Payable Notes Payable Retained Earnings Leave Blank Submit Ans