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a. Sampson Co, sold merchandise to Batson Co, an account, 530,800 , terms 2/15, n/45....

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Accounting

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a. Sampson Co, sold merchandise to Batson Co, an account, 530,800 , terms 2/15, n/45. b. The cost of the goods sold is $23,100. 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 pmpunt 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 biank Journalize the entries that Batson Compary would record for the information above. If an amount box does not reguire an entry, jeave it blank. Journalize the entries that Batson Company would record for the information above. If an amount box does not require an entry, leave it Blank

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