The balance due on the invoice is _____
Solution:
Credit for the partial payment = Payment amount / (1-discount rate) = $460.40 / (1-0.05) = $484.63
Balance due on the invoice = $535.40 - $484.63 = $50.77
The balance due on the invoice is _____ X 7.4.23 Skill Builder Question Help The Coffee...
The amount due on the invoice is ____ 7.4.10 Skill Builder 5 Question Help Find the amount of the discount and the amount due. Terms Invoice Amount $11,309 Invoice Date 4/6 Date Invoice Pd 5/1 Amount Discount Amount Due 2/10 prox The discount to the customer is $ -
8.8.3 Skill Builder Question Help The credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.4% of the average daily balance. Calculate parts a-d using the statement in the popup. Click the icon to view the credit card statement. a. Find the average daily balance for the billing period. Round to the nearest cent. The average daily balance for the billing period is $ ....
est 0 Help Save & Exit Submit Stacy's Dress Shop received a $1,090 invoice dated July 12 with 2/10, 1/15, n/60 terms. On July 26. Stacy's sent a $246 partial payment a. What credit should Stacy's receive? (Round your answer to the nearest cent.) Credit b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance < Prev 6 of 20 !! Next >
Vail Ski Shop received a $1.213 invoice dated July 20 with 2/10, 1/15, /60 terms. On August 03, Vail sent a $497 partial payment. a. What credit should Vail receive? (Round your answer to the nearest cent.) Credit b. What is Vail's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance
Stacy's Dress Shop received a $1,150 invoice dated July 18 with 4/10, 3/15, n/60 terms. On August 01, Stacy's sent a $252 partial payment. a. What credit should Stacy's receive? (Round your answer to the nearest cent.) Credit b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance
ter 7 Assignment Served 3 Stacy's Dress Shop received a $1160 invoice dated July 19 with 5/10, 4/15, n/60 terms. On August 02. Stacy's sent a $253 partial payment. fif more than one discount, assume date of last discount) a. What credit should Stacy's receive? (Round your answer to the nearest cent.) Credit rences b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance
IULIU U PILL This Question: 2 pls Sellane Appliances received an invoice dated January 17 with terms 3/10 E.OM for the items listed below 6 refrigerators at $1000 each less 30% and 6% 2 4 dishwashers at $674 each less 162 % 127% and 5% (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (c) What is the amount...
Spring Appliances received an invoice dated June 16 with terms 2/10 E.O.M. for the items listed below. 6 refrigerators at $1000 each less 20% and 4% 4 dishwashers at $799 each less 16,5 %, 12.5%, and 5% (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (c) What is the amount of the cash discount if a partial payment...
Sandown Appliances received an invoice dated October 19 with terms 2/10 E.O.M. for the items listed below. 4 refrigerators at $930 each less 20% and 4% 5 dishwashers at $687 each less 16 %, 12.8%, and 5% (a) What is the last day for taking the cash discount? (b) What is the amount due if the invoice is paid on the last day for taking the discount? (c) What is the amount of the cash discount if a partial payment...
Need help preparing journal entries. 2 Sold merchandise to Creek Co. for $950 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2. The merchandise had cost $550. 3 Paid $140 cash for freight charges on the purchase of July 1. 8 Sold merchandise that had cost $1,900 for $2,300 cash. 9 Purchased merchandise from Leight Co. for $2,400 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9. 11 Returned $400 of merchandise purchased...