Walter's widgets received a bill for merchandise with a net price of $7,170.26. Walter is offered a 3% cash discount if he pays within 10 days of the invoice date. He doesn't have enough to pay the full amount, so he makes a partial payment of $4,000 on day 9. Find the amount credited for the partial payment and find the outstanding balance. 

Answer rating: 100% (QA)

To find the amount credited for the partial payment we first need to calculate ... View the full answer