Sampson Co. sold merchandise to Batson Co. on account, $37,800, terms 2/15, net 45. The...
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Sampson Co. sold merchandise to Batson Co. on account, $37,800, terms 2/15, net 45. The cost of the goods sold is $28,350. The Batson Co. paid the invoice within the discount period. Assume both Sampson and Batson use a perpetual inventory system. If no entry is required, select "No entry required" and leave the amount boxes blank. Question Content Area Prepare the entries that Sampson Company would record for the information above. If an amount box does not require an entry, leave it blank. a. Accounts Receivable-Batson Co. Accounts Receivable-Batson Co. Sales Sales b. Cost of Goods Sold Cost of Goods Sold Inventory Inventory c. Cash Cash Accounts Receivable-Batson Co. Accounts Receivable-Batson Co. Feedback Area Feedback Partially correct Question Co
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