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Business, 30.11.2021 23:10 ImBADatmath8743

Sampson Co. sold merchandise to Batson Co. on account, $29,500, terms 2/15, net 45. The cost of the goods sold is $22,125. The Batson Co. paid the invoice within the discount period. Assume both Sampson and Batson use a perpetual inventory system. Prepare the entries that Sampson Company would record for the information above.

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Sampson Co. sold merchandise to Batson Co. on account, $29,500, terms 2/15, net 45. The cost of the...
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