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a. Sampson Co. sold merchandise to Batson Co. on account, $46,000, terms 2/15, net 45 . b. The cost of the merchandise sold is $38,500.

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a. Sampson Co. sold merchandise to Batson Co. on account, $46,000, terms 2/15, net 45 . b. The cost of the merchandise sold is $38,500. c. Batson Co. paid the invoice within the discount period. Assume both Sampson and Batson use a perpetual inventory system

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