Sam Shade purchased 270 lamshades at $10 each with terms of 4/15, n/30 from Lois Lamps on November 1. These lampshades had a cost of $5 each to Lois Lamps. On Novemeber 5, Sam Shade returned 5 lampshades. On November 15, Same Shade paid the balance owed less the return and discount.

a) Prepare all required entries for Sam Shade (buyer)

Sam Shade purchased 270 lampshades at $10 each with terms of n/30 from Lois Lamps on November 1. These lampshades had a cost of $5 each to Lois Lamps. One November 5, Sam Shade returned 5 lampshades. On November 15, Same Shade paid the and discount. Prepare all required entries for Sam Shade (buyer). Prepare all required entries for Lois Lamp (seller)