a$.$ Sampson Co$.$ sold merchandise to Batson Co$.$ on account, $$32,600,$ terms $\frac{2}{15},$ net $45.$

b$.$ The cost of the merchandise sold is $$24,450.$

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.

a$.$

b$.$

c$.$

Prepare the entries that Batson Co$.$ would record for the information above.

a$.$ and b$.$

;

;

c$.$