a Sampson Co. sold merchandise to Batson Co. on account, $31,600, terms 2/15, net 45 b. The cost of the merchandise sold is $23,700. c. Batson Co. paid the inwoice 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. b Cost of Merchandise Seld e Cash Prepare the entries that Batson Co. would record for the information above. a and b. Merchandise tnvenbry Aceunts Peretble Saon Ceu 20 p 5 8 3