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Author Question: John handles all accounts payable for his small business. He has a bill for $120, dated November 10, ... (Read 116 times)

kamilo84

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John handles all accounts payable for his small business. He has a bill for $120, dated November 10, and plans to make a partial payment of $63 within the discount period. If the terms of the transaction were
find the amount credited to the account and find the outstanding balance if the partial payment was made November 18.
◦ Credit: $65.63
Balance: $54.37
◦ Credit: $65.52
Balance: $54.48
◦ Credit: $60.48
Balance: $59.52
◦ Credit: $63.00
Balance: $57.00


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Marked as best answer by kamilo84 on Feb 26, 2020

Moriaki

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kamilo84

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Reply 2 on: Feb 26, 2020
YES! Correct, THANKS for helping me on my review


xoxo123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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