Question: Journalize the following inventory merchandise transactions for both Sampson and Batson, assuming that the both Sampson and Batson use the perpetual inventory system. Refer to

Journalize the following inventory merchandise transactions for both Sampson and Batson, assuming that the both Sampson and Batson use the perpetual inventory system. Refer to the Chart of Accounts for exact wording of account titles.
Dec. 1 Sampson Co. sold merchandise to Batson Co. on account, $46,000, terms 2/15, and net 45. The cost of the merchandise sold is $38,500.
The Batson Co. paid the invoice within the discount period.

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