Question: Vail Ski Shop received a $1,205 invoice dated July 12 with 2/10, 1/15, n/60 terms. On July 26, Vail sent a $489 partial payment. a.

Vail Ski Shop received a $1,205 invoice dated July 12 with 2/10, 1/15, n/60 terms. On July 26, Vail sent a $489 partial payment.

a.What credit should Vail receive?(Round your answer to the nearest cent.)

Credit$

b.What is Vail's outstanding balance?(Round your answer to the nearest cent.)

Outstanding balance$

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