Question: Peak Roofing sent Jensen Builders an invoice dated July 12 for $5400 with terms 3/10, 1 /20, n/45. Jensen made a payment of $2000
Peak Roofing sent Jensen Builders an invoice dated July 12 for $5400 with terms 3/10, 1 ½ /20, n/45. Jensen made a payment of $2000 on July 20, and a second payment on 2 August 1 that reduced the balance owed to $1000. What was the size of the second payment?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Amount credited on first payment Bal... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
