Instructions Chart of Accounts-Sampson Co. Chart of Accounts-Batson Co. Instructions Sampson Co. sold merchandise to Batson Co. on account, $34,200, torms 2/16, net 45 on December 26. The cost of the goods sold is $25,650. The Batson Co paid the invoice on December 31, within the discount period. Assume both Sampson and Batson use a perpetual inventory system. Required: Prepare the entries that both Satpson and Batson Companies would record for the above. Refer to the Chart of Accounts for exact wording of account titles. If no entry is required, simply skip to the next transaction Chart of Accounts-Sampson Co. Sa ASSETS REVENUE 8 Ca 110 Cash 410 Sales 121 Accounts Receivable-Batson Co. 123 Accounts Receivable-Lyons Co. EXPENSES 510 Cost of Goods Sold 130 Inventory 131 Estimated Returns Inventory 521 Delivery Expense 140 Supplies 142 Prepaid Insurance 522 Advertising Expense 523 Depreciation Expense 526 Salaries Expense 180 Land 190 Equipment 531 Rent Expense 191 Accumulated Depreciation 533 Insurance Expense 534 Supplies Expense LIABILITIES 211 Accounts Payable-Foltz Supplies 536 Credit Card Expense 560 Micellaneous Expense 710 Interest Expense 212 Accounts Payable-Batson Co. 221 Salaries Payable 222 Sales Tax Payable Instructions Chart of Accounts-Sampson Co. 190 quipment Jul FITILLAPS Sa 533 Insurance Expense Co 191 Accumulated Depreciation LIABILITIES 534 Supplies Expense 536 Credit Card Expense 560 Miscellaneous Expense 710 Interest Expense 211 Accounts Payable-Foltz Supplies 212 Accounts Payable-Batson Co. 221 Salaries Payable 222 Sales Tax Payable 223 Customers Refunds Payable 231 Unearned Rent 241 Notes Payable N 2 EQUITY 3 310 Common Stock 311 Retained Earnings 312 Dividends Chart of Accounts-Batson Co. Batson Co. General Ledger REVENUE ASSETS 410 Sales 110 Cash 122 Accounts Receivable-Sampson Co. 123 Accounts Receivable-Myers Ltd. EXPENSES 510 Cost of Goods Sold 130 Inventory 521 Delivery Expense 131 Estimated Returns Inventory 522 Advertising Expense 140 Supplies 523 Depreciation Expense 142 Prepaid Insurance 180 Land 190 Equipment 526 Salaries Expense 531 Rent Expense 513 Insurance Expense 534 Supplies Expense 191 Accumulated Depreciation 536 Credit Card Expense LIABILITIES Sa Chart of Accounts-Sampson Co. Chart of Accounts-Batson Co. 191 Accumulated Depreciation 533 Insurance Expense 534 Supplies Expense 536 Credit Card Expense LIABILITIES 560 Miscellaneous Expense 211 Accounts Payable-Lakefront Supplies 213 Accounts Payable-Sampson Co. 710 Interest Expense 221 Salaries Payable 222 Sales Tax Payable 223 Customers Refunds Payable 231 Unearned Rent 241 Notes Payable EQUITY 3 310 Common Stock 311 Retained Earnings 312 Dividends Instructions Chart of Accounts-Sampson Co. Chart of Accounts-Batson Co. Sa Instructions Chart of Accounts-Sampson Co. Chart of Accounts-Batson Co. General Journal 10. The Batson Prepare the entries for Sampson Company would record for each transaction. Refer to the Chart of Accounts for exact wording of account bles. no entry is required, simply skip to the next transaction JOURNAL ACCOUNTING EQU DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIVITIES 1 2 3 4 5 10. The Batson General Journal Prepare the entries for Batson Company would record for each transaction. Refer to the Chart of Accounts for exact wording of account titles. It no entry is required, simply skip to the next transaction JOURNAL ACCOUNTING EQU DESCRIPTION POST, REF -DEBIT DATE CREDIT ASSETS LIABILITIES 1 2 3 4