Tune Tones Instrument Tuning Company owes Mandy Lynn's Music Studio $5,280 as of November 1. During November Tune Tones purchased merchandise from Mandy Lynn totaling
$10,180 and made payments on account to Mandy Lynn in the amount of $6,300. The amount Tune Tones owes Mandy Lynn on November 30 is:
A)$10,180
B)$11,580
C)$9,160
D)$5,280

Question

Quizplus · Accepted Answer

Starting with the amount Tune Tones owes on November 1: $5,280
Then, adding the merchandise purchased during November: $5,280 + $10,180 = $15,460
Finally, subtracting the payments made during November: $15,460 - $6,300 = $9,160
Therefore, Tune Tones owes Mandy Lynn $9,160 on November 30.

Tune Tones Instrument Tuning Company Owes Mandy Lynn's Music Studio