Debbie Debtor owed three debts to Carl Creditor, totaling $15,000. The first debt was $3,000, the second debt was $5,000, and the third debt was $7,000. Debbie needed to obtain additional gadgets from Carl and paid him $3,000 for them. Debbie also paid Carl an additional $6,000. Carl may apply the additional money to his choice of the three debts.

Answer rating: 100% (QA)

To allocate the additional 6000 payment from Debbie to Carl among the three debts Carl has the discr... View the full answer