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businessaccountingaccounting questions and answersdollar co. sold merchandise to pound co. on account, $25,500, terms 2/15, net 45. the pound co. paid the invoice within the discount period. what is the sales amount to be recorded in the above transactions? a. $25,500 b. $26,010 c. $24,990 d. $16,000
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Question: Dollar Co. Sold Merchandise To Pound Co. On Account, $25,500, Terms 2/15, Net 45. The Pound Co. Paid The Invoice Within The Discount Period. What Is The Sales Amount To Be Recorded In The Above Transactions? A. $25,500 B. $26,010 C. $24,990 D. $16,000
Dollar Co. sold merchandise to Pound Co. on account, $25,500, terms 2/15, net 45. The Pound Co. paid the invoice within the discount period. What is the sales amount to be recorded in the above transactions?

a. $25,500

b. $26,010

c. $24,990

d. $16,000

The answer is C, but i dont know how to do it. Can someone please explain to me how this is done. Much appreciated. (step by step)