ournalize the following inventory merchandise transactions for both Sampson and Batson, assuming that the both Sampson and Batson uses the perpetual inventory system. Refer to the Chart of Accounts for exact wording of account titles.

Dec.	1	Sampson Co. sold merchandise to Batson Co. on account, $22,700, terms 2/15, net 45. The cost of the merchandise sold is $17,025.
	6	Batson Co. paid the invoice within the discount period.

CHART OF ACCOUNTS

Sampson Co.

General Ledger

	ASSETS
110	Cash
121	Accounts Receivable-Batson Co.
122	Accounts Receivable-Carlyle Co.
123	Accounts Receivable-Lyons Co.
130	Merchandise Inventory
131	Estimated Returns Inventory
140	Supplies
142	Prepaid Insurance
180	Land
190	Equipment
191	Accumulated Depreciation

	LIABILITIES
211	Accounts Payable-Batson Co.
212	Accounts Payable-Foltz Supplies
213	Accounts Payable-Robbe Products
221	Salaries Payable
222	Sales Tax Payable
223	Customers Refunds Payable
231	Unearned Rent
241	Notes Payable

	EQUITY
310	Owner, Capital
311	Owner, Drawing

	REVENUE
410	Sales

CHART OF ACCOUNTS

Batson Co.

General Ledger

	ASSETS
110	Cash
121	Accounts Receivable-Sampson Co.
122	Accounts Receivable-Carlyle Co.
123	Accounts Receivable-Lyons Co.
130	Merchandise Inventory
131	Estimated Returns Inventory
140	Supplies
142	Prepaid Insurance
180	Land
190	Equipment
191	Accumulated Depreciation

	LIABILITIES
211	Accounts Payable-Sampson Co.
212	Accounts Payable-Foltz Supplies
213	Accounts Payable-Robbe Products
221	Salaries Payable
222	Sales Tax Payable
223	Customers Refunds Payable
231	Unearned Rent
241	Notes Payable

	EQUITY
310	Owner, Capital
311	Owner, Drawing

	REVENUE
410	Sales