Question 5 of 9 -/18 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. fa) Prepare the entries on H55's books to record the sale and related collection. (List all debit entries before credit entries. Credit account tidles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the accountities and enter for the amounts) Date Account Tities and Explanation Debit Credit Jan. 6 Inventory Accounts Payable (To record sales Inventory Cost of Goods Sold (To record cost of merchandise sold) Jan. 25 Cash e Textbook and Media List of Accounts Alttamatosed