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nmentMain.dor Calculator a. Sampson Co. sold merchandise to Batson Co. on account, $21,400, terms 2/15, net 45. b. The cost of the goods sold is
nmentMain.dor Calculator a. Sampson Co. sold merchandise to Batson Co. on account, $21,400, terms 2/15, net 45. b. The cost of the goods sold is $16,050. C. The Batson Co. paid the invoice within the discount period. Assume both Sampson and Batson use a perpetual inventory system. If no entry is required, select "No entry required" and leave the amount boxes blank. Prepare the entries that Sampson Company would record for the information above. a Accounts Payable-Batson Co. Sales b. Cost of Goods Sold Inventory C. Sales Accounts Receivable-Batson Co. Prepare the entries that Batson Company would record for the information above. a. Inventory Accounts Payable-Sampson Co. 6. Inventory Accounts Payable-Sampson Co. Accounts Payable-Sampson Co. Cash 000
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