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a. Sampson Co. sold merchandise to Batson Co. on account, $34,200, terms 2/15, net 45...

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Accounting

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a. Sampson Co. sold merchandise to Batson Co. on account, $34,200, terms 2/15, net 45 . b. The cost of the merchandise sold is $25,650. c. Batson Co. paid the invoice within the discount period. Assume both Sampson and Batson use a perpetual inventory system. Prepare the entries that Sampson Co. would record for the information above. Prepare the entries that Batson Co. would record for the information above

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