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Stacy's Dress Shop received a $1,240 invoice dated July 27 with 5/10, 4/15, n/60 terms. On August 10, Stacy's sent a $261 partial payment. a.

Stacy's Dress Shop received a $1,240 invoice dated July 27 with 5/10, 4/15, n/60 terms. On August 10, Stacy's sent a $261 partial payment.

a.What credit should Stacy's receive?(Round your answer to the nearest cent.)

b.What is Stacy's outstanding balance?(Round your answer to the nearest cent.)

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