Question: A company received on invoice dated August 17,2014 with terms 3/10, 1/30, n/60 for an amount of 150,000 dollars. It made a first payment of
A company received on invoice dated August 17,2014 with terms 3/10, 1/30, n/60 for an amount of 150,000 dollars. It made a first payment of $58,200 on August 27, 2014, a second payment of $49,500 on Septembers 16,2014, and the balance on October 16,2014.
1) what was the invoice balance after the first payment ?
2) what was the amount paid on October 16, 2014?
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