Question
7) An invoice amounting to $960.00 is dated July 23 and has credit terms 2/10, 1/20, n/45. If partial payment of $500.00 is made on
7) An invoice amounting to $960.00 is dated July 23 and has credit terms 2/10, 1/20, n/45. If partial payment of $500.00 is made on August 1 find:
a. The credit given for the payment
b. The amount still due (after payment)
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Accounting Information Systems
Authors: Robert Hurt
2nd Edition
78111056, 978-0078111051
