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2. Travelli Co. sold merchandise to Trapani Co. on account, $17,000, terms 2/15, net 45. The cost of the merchandise sold is $15,400. Tavella Co.
2. Travelli Co. sold merchandise to Trapani Co. on account, $17,000, terms 2/15, net 45. The cost of the merchandise sold is $15,400. Tavella Co. issued a credit memo for $1,750 for merchandise returned that originally cost $1,400. The Trapani Co. paid the invoice within the discount period. What is amount of net sales from the above transactions? a. $17,000 b. $15,250 c. $14,945 d. None of these choices
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