Multiple choice 12Silver Co. sold merchandise to Bronze Co. on account, P23,000, terms 2/15, netThe Bronze Co. paid the invoice within the discount period. What is amount ofmemorandum for P2,500 for merchandise returned that originally cost P1,900.45. The cost of the merchandise sold is P18,500. Silver Co. issued a creditat sales from the above transactions?a. P20,090b. P20,500C. P3,490d. P23,000a Merchandise is ordered on November 12; the merchandise is shipped hy rtheseller and the invoice is prepared, dated, and mailed by the seller on November15: the merchandise is received by the buyer on November 17; the entry ismade in the buyer's accounts on November 18. The credit period begins withwhat date?a. November 12b. November 15C. November 17d. November 18

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net sales from the above transactions? 12. Silver Co. sold merchandise to Bronze Co. on account, P23,000, terms 2/15, net The Bronze Co. paid the invoice within the discount period. What is amount of memorandum for P2,500 for merchandise returned that originally cost P1,900. 45. The cost of the merchandise sold is P18,500. Silver Co. issued a credit a. P20,090 b. P20,500 C. P3,490 d. P23,000