a. Sampson Co. sold merchandise to Batson Co. on account, $24,700, terms 2/15, net 45. b. The cost of the merchandise sold is $18,525. 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. Accounts Receivable-Batson Co. Sales b. Cost of Merchandise Sold Merchandise Inventory C. Cash Accounts Receivable-Batson Co. Prepare the entries that Batson Co. would record for the information above. a. and b. Merchandise Inventory Accounts Payable-Sampson Co. c. Accounts Payable-Sampson Co. Cash