Gold co. sold merchandise to bronze co. on account 25000, Ask an Expert

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Gold Co. sold merchandise to Bronze Co. on account, $25,000, terms 2/15, net 45. The cost of the merchandise sold is $18,500. Gold Co. issued a credit memorandum for $2,500 for merchandise returned that originally cost $1,900. Bronze Co. paid the invoice within the discount period. What is amount of net sales from the transactions?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9434749

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