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A $600 invoice dated July 5 has terms of 4/10, n/60. A partial payment of $400 is made on July 14. Find: (a) the amount

A $600 invoice dated July 5 has terms of 4/10, n/60. A partial payment of $400 is made on July 14. Find: (a) the amount of payment to be credited, and (b) the balance outstanding.

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