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Calculate (A) Amount to Be Credited and (B) Balance Outstanding

Question 77

Short Answer

Calculate (A) amount to be credited and (B) balance outstanding:
Invoice: $3,000; Terms 2/10, n/30
Invoice date: July 5
Payment amount $600
Date paid: July 14
A. ____________
B. ____________

Correct Answer:

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A. $612.24...

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