Question: Sampson Co. sold merchandise to Batson Co. on account, $26, 400, terms 2/15, net 30. The cost of the merchandise sold is $19, 800. Sampson

Sampson Co. sold merchandise to Batson Co. on account, $26, 400, terms 2/15, net 30. The cost of the merchandise sold is $19,

Sampson Co. sold merchandise to Batson Co. on account, $26, 400, terms 2/15, net 30. The cost of the merchandise sold is $19, 800. Sampson Co. issued a credit memo for $4,000 for merchandise returned that originally cost $3,000. The Batson Co. paid the invoice within the discount period. Assume both Sampson and Batson use a perpetual inventory system. Hide Prepare the entries that Sampson Company would record for the information above. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". Hide Prepare the entries that Batson Company would record for the information above. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0

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