Business, 25.07.2020 02:01 alexandria3498

Sampson Co. sold merchandise to Batson Co. on account, $46,000, terms 2/15, net 45. The cost of the merchandise sold is $38,500. Batson Co. paid the invoice within the discount period. Assume both Sampson and Batson use a perpetual inventory system. Required:
Prepare the entries that both Sampson and Batson Companies would record.

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Sampson Co. sold merchandise to Batson Co. on account, $46,000, terms 2/15, net 45. The cost of the...

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