Question: Vail Ski Shop received a $1,212 invoice dated July 19 with 5/10, 4/15, n/60 terms. On August 02, Vail sent a $496 partial payment. (If

Vail Ski Shop received a $1,212 invoice dated July 19 with 5/10, 4/15, n/60 terms. On August 02, Vail sent a $496 partial payment. (If more than one discount, assume date of last discount)

a. What credit should Vail receive?

b. What is Vails outstanding balance?

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