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Prepare the entries that sampson company would record

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Reference no: EM132721692

Sampson Co. sold merchandise to Batson Co. on account, $30,200, terms 2/15, net 45.

The cost of the goods sold is $22,650.
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.

Problem 1: Prepare the entries that Sampson Company would record for the information above. If an amount box does not require an entry, leave it blank.

Reference no: EM132721692

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