Aquaq3” has received an invoice of $15500.00 with terms 4/10 n/30 E.O.M on April 20th How much should they pay on May 5th if they want to reduce the outstanding balance by $5000.00?  How much more should they pay if they want to reduce the outstanding balance to 4500.00?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 11EB: Whole Leaves wants to upgrade their equipment, and on January 24 the company takes out a loan from...
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  • Aquaq3” has received an invoice of $15500.00 with terms 4/10 n/30 E.O.M on April 20th

    How much should they pay on May 5th if they want to reduce the outstanding balance by $5000.00? 

How much more should they pay if they want to reduce the outstanding balance to 4500.00? 

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