Question: An invoice for $6000 dated September 1 with terms 2/10, 1/20, n/30 is received in the mail on September 3 rd . A payment of

An invoice for $6000 dated September 1 with terms 2/10, 1/20, n/30 is received in the mail on September 3rd. A payment of $3000 is made on September 12th. What is the outstanding balance?

Select one:

a. 3000

b. 2955

c. 2940

d. 3060

e. 3045

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!