Payments of $1000 on January 5 and $800 on January 16 were made on a $2500 invoice

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Payments of $1000 on January 5 and $800 on January 16 were made on a $2500 invoice dated December 27. The terms on the invoice were 4/10, 2/20, n/45. What was the balance owed after the second payment?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 06:56 AM

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Payments of $1000 on January 5 and $800 on January 16 were made on a $2500 invoice

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January 5 is 9 days after December 27 The 1000 payme...View the full answer

Business Mathematics In Canada

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