Question

4 On March 19 Jangles Corporation received a $20,800 invoice dated March 16. Cash discount terms were 3/10, 1/30. On March 23

0 0
Add a comment Improve this question Transcribed image text
Answer #1

a):-Because partial payment has been made within 10 days therefore 3℅ credit will allowed on partial amount.

Credit receive by jangles= Sent amount X 3%

= $8320 X 3℅ = $249.60 (Answer)

b):- Jangles' outstanding balance = Invoiced amount - sent amount= $20800 - $8320 = $12480 (Answer)

Add a comment
Know the answer?
Add Answer to:
4 On March 19 Jangles Corporation received a $20,800 invoice dated March 16. Cash discount terms...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT