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view Policies Current Attempt in Progress On January 6, Ridgewood Limited sold merchandise on account...

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Accounting

view Policies Current Attempt in Progress On January 6, Ridgewood Limited sold merchandise on account to Singh Inc. for $43,500, terms n/30. The merchandise originally cost Ridgewood $25,000. On January 25, Singh paid the amount due. Both Ridgewood and Singh use a perpetual inventory system. (a) h Prepare the entries on Ridgewood'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 O for the amounts. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit

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Date Account Titles and Explanation (To record sales) Debit Credit

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