Prepare the entries on H55's books to record the sale and related collection. (List all debit entries before credit entries. Credit account titles are automatically Indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Jan. 6 Accounts Receivable Debit Credit 45200 Sales 45200 (To record sales) Cost of Goods Sold 27800 27800 Inventory (To record cost of merchandise sold) Jan. 25 Cash 45200 Accounts Receivable 45200 MC Prepare the entries on Singh's books to record the purchase and related payment. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts View Policies Show Attempt History Current Attempt in Progress On January 6, H55 Limited sold merchandise on account to Singh Inc. for $45,200, terms /30. The merchandise originally cost H55 $27,800. On January 25, Singh paid the amount due. Both H55 and Singh use a perpetual inventory system (a)