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DeSomma and Brown Received an Invoice for $14 520 Dated

Question 34

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DeSomma and Brown received an invoice for $14 520 dated November 29, terms 5/20, n/45, from Happy Valley Winery for a truckload of grapes received December 17. DeSomma and Brown made a partial payment of $4955.00 on December 12.
a) By how much did DeSomma and Brown reduce the amount due on the invoice?
b) How much does DeSomma and Brown still owe?

Correct Answer:

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a) Partial Payment = $4955. Gi...

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