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a. Sampson Co. sold merchandise to Batson Co. on account, $29,000, terms 2/15, n/45. ...

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Accounting

a. Sampson Co. sold merchandise to Batson Co. on account, $29,000, terms 2/15, n/45.
b. The cost of the goods sold is $21,750.
c. The Batson Co. paid the invoice within the discount period.
Assume that both Sampson and Batson use a perpetual inventory system and that Sampson Co. uses
the net method of recording sales discounts.
If no entry is required, select "No entry required" and leave the amount boxes blank.
Journalize the entries that Sampson Company would record for the information above. If an amount
box does not require an entry, leave it blank.
a.
b.
c.
.
.
Journalize the entries that Batson Company would record for the information above. If an amount box
does not require an entry, leave it blank.
a.
b.
c.
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