An invoice for $8630, dated October 5, was received by a company with the terms 5/15 EOM.
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Question:
An invoice for $8630, dated October 5, was received by a company with the terms 5/15 EOM. Adecision was made to make a partial payment of $400 on November 2. Find the amount credited tothe account and find the outstanding balance. Round to the nearest cent.
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