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Silver Co. sold merchandise to Bronze Co. on account, $24,076, terms 2/15, net 45. The cost of the merchandise sold is $14,649. Silver Co. issued
Silver Co. sold merchandise to Bronze Co. on account, $24,076, terms 2/15, net 45. The cost of the merchandise sold is $14,649. Silver Co. issued a credit memorandum for $3,472 for merchandise returned that originally cost $1,267. The Bronze Co. paid the invoice within the discount period. What is amount of net sales from the above transactions? Select the correct answer. a. $20,192 b. $3,472 c. $13,382 d. $6,810
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