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a. Sampson Co. sold merchandise to Batson Co. on account, $35,800, terms 2/15, net 45. b. The cost of the merchandise sold is $26,850. C.

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a. Sampson Co. sold merchandise to Batson Co. on account, $35,800, terms 2/15, net 45. b. The cost of the merchandise sold is $26,850. 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. Prepare the entries that Batson Co. would record for the information above. a. and b. Prepare the entries that Batson Co. would record for the information above. a. and b. Previous 1

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