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Scarlet Company received an invoice for $57,000.00 that had payment terms of 1/5 n/30. If it made a partial payment of $16,400.00 during the
Scarlet Company received an invoice for $57,000.00 that had payment terms of 1/5 n/30. If it made a partial payment of $16,400.00 during the discount period, calculate the balance of the invoice.
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