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On March 11, Jangles Corporation received a $20,000 invoice dated March 8.
Cash discount terms were 4/10, n/30. On March 15, Jangles sent an
$8,000 partial payment. what is the credit
a. What credit should Jangles receive? (Round your answer to thenearest cent.) Credit $
b. What is Jangles outstanding balance? (Round your answer to the nearest cent.) Outstanding balance $

Respuesta :

Answer:

a. What credit should Jangles receive?

8333,33

b. What is Jangles' outstanding balance?

11666,67

Explanation:

a. What credit should Jangles receive?    

Invoice 20000  

Discount rate 100%-4%  

   

received 8000_________96%

           x___________100%

   

Received 8333,333333  

   

b. What is Jangles' outstanding balance?    

   

20000-8333,33=Oustaning balance    

   

Oustandind balance 11666,67  

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