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Sampson Co. sold merchandise to Batson Co. on account, $36,900,terms 2/15, net 45. The cost of the merchandise sold is $27,675. Batson Co. paid the

Sampson Co. sold merchandise to Batson Co. on account, $36,900,terms 2/15, net 45.

The cost of the merchandise sold is $27,675.

Batson Co. paid the invoice within the discount period.

Assume both Sampson and Batson use a perpetual inventorysystem.

Prepare the entries that Sampson Co. would record for theinformation above.

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