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What is amount of net sales from the transactions

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Question - AAA Co. sold merchandise to Health Co. on account, $18,000, terms 2/15, net 45. The cost of the merchandise sold is $15,500. AAA Co. issued a credit memo for $1,750 for merchandise returned that originally cost $1,400. The Health Co. paid the invoice within the discount period. What is amount of net sales from the above transactions for AAA Co.?

A) $16,250

B) $14,100

C) $15,890

D) $13.818

E) $16,240

Reference no: EM132654000

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