Sampson Co. sold merchandise to Batson Co. on account, $38,400, terms 2/15, net 45. The cost of the merchandise sold is $28,800. Batson Co. paid the invoice within the discount period. Assume both Sampson and Batson use a perpetual inventory system. Journalize these transactions for Sampson Co. If an amount box does not require an entry, leave it blank. a. fill in the blank 15841b07707b001_2 fill in the blank 15841b07707b001_3 fill in the blank 15841b07707b001_5 fill in the blank 15841b07707b001_6 b. fill in the blank 15841b07707b001_8 fill in the blank 15841b07707b001_9 fill in the blank 15841b07707b001_11 fill in the blank 15841b07707b001_12 c. fill in the blank 15841b07707b001_14 fill in the blank 15841b07707b001_15 fill in the blank 15841b07707b001_17 fill in the blank 15841b07707b001_18 Journalize these transactions for Batson Co. If an amount box does not require an entry, leave it blank. a. and b. fill in the blank f557fbfc2022021_2 fill in the blank f557fbfc2022021_3 fill in the blank f557fbfc2022021_5 fill in the blank f557fbfc2022021_6 c. fill in the blank f557fbfc2022021_8 fill in the blank f557fbfc2022021_9 fill in the blank f557fbfc2022021_11 fill in the blank f557fbfc2022021_12

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Sampson Co. sold merchandise to Batson Co. on account, $38,400, terms 2/15, net 45.
The cost of the merchandise sold is $28,800.
Batson Co. paid the invoice within the discount period.

Assume both Sampson and Batson use a perpetual inventory system.

Journalize these transactions for Sampson Co. If an amount box does not require an entry, leave it blank.

a.	fill in the blank 15841b07707b001_2	fill in the blank 15841b07707b001_3
	fill in the blank 15841b07707b001_5	fill in the blank 15841b07707b001_6
b.	fill in the blank 15841b07707b001_8	fill in the blank 15841b07707b001_9
	fill in the blank 15841b07707b001_11	fill in the blank 15841b07707b001_12
c.	fill in the blank 15841b07707b001_14	fill in the blank 15841b07707b001_15
	fill in the blank 15841b07707b001_17	fill in the blank 15841b07707b001_18

Journalize these transactions for Batson Co. If an amount box does not require an entry, leave it blank.

a. and b.	fill in the blank f557fbfc2022021_2	fill in the blank f557fbfc2022021_3
	fill in the blank f557fbfc2022021_5	fill in the blank f557fbfc2022021_6
c.	fill in the blank f557fbfc2022021_8	fill in the blank f557fbfc2022021_9
	fill in the blank f557fbfc2022021_11	fill in the blank f557fbfc2022021_12

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