Question
An invoice dated September 30 in the amount of $75,000.00 was received by Info Systems on October 5. Cash discount on the invoice was 2/10,
An invoice dated September 30 in the amount of $75,000.00 was received by Info Systems on October 5. Cash discount on the invoice was 2/10, 1/15, N/30. On October 5 Info Systems mailed a check in the amount of $15,000.00 as a partial payment on the invoice. The outstanding balance owed after the payment was _______.
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The outstanding balance owed after the payment was 59250...
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
