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)
4 On March 19 Jangles Corporation received a $20,800 invoice dated March 16. Cash discount terms...
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
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
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
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 >
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