What amount will reduce the amount due on an invoice of $2650.12 by $1207.57 if the terms of the invoice are 4/10, n/60 and the payment was made during the discount period? The payment amount is $ (Round to the nearest cent as needed.) ***
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- Aquaq3” has received an invoice of $11500.00 with terms 5/10 2/20 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 $3000.00? How much more should they pay if they want to reduce the outstanding balance to 4500.00?You received invoices from Global Inc. dated Jan 20 for $2800, Jan 25 for $4200, and Feb 1 (non-leap-year) for $1500. You have also made a payment of $4800 on Jan 27th. The invoices all have terms of 3/10, n/30. A. What is the outstanding balance on the January 25th invoice after the January 27th payment? B. What total amount must be paid on Feb 5 to settle the remaining balance on all the invoices?How do you find the amount of payment to be credited and the balance outstanding when you know the amount of invoice is $600, the terms are 4/10 and n/60, the invoice date is 7/5, the actual partial payment made is $400, and the date of partial payment is 7/14?
- Credit for partial payment and net amount due if the invoice is $8303 and the partial payment is $2300 and the terms are 2/10, n/30What if the invoice date is 12/27, but the invoice is about next year's sevices, should we record the acount payable at 12/31 for this invoice?You received invoices from Wengo Industries dated Jan 20 for $2800, Jan 25 for $4200, and Feb 1 (non-leap-year) for $1500. You have also made a payment of $4800 on Jan 27th. The invoices all have terms of 3/10, n/30. What is the outstanding balance on the January 25th invoice after the January 27th payment?
- Scarlet Company received an invoice for $67,000.00 that had payment terms of 2/5 n/30. If it made a partial payment of $16,500.00 during the discount period, calculate the balance of the invoice. Round to the nearest centParty Pals Company received an invoice dated Oct 18, 2023, for $ 7,800 with trade discount series of 25% and 15%. Payment terms are 5/10 2/30 , n / 60 . a) What is the invoice amount?b) What are the last days of the two discount periods?c) How much should be paid on Oct 26 to reduce the unpaid balance to $ 3,000.00? d) How much should be paid on Nov 10 to reduce the unpaid balance by $1,500.00? e) What was the account balance on after the Nov 10 payment?A small business receives an invoice for $1675 on January 5, 2022 and the payment terms are 5/14, 2/21, n/60. If $1000 was paid on January 25, what would the amount credited be? (Round accurately to two decimal places and include a dollar sign.)
- 1. M makes a note payable to the order of P for 10,000 and delivers the same to P. Without the consent of M, P changed the amount to 40,000. P then indorsed the note to A, A to B, B to C, and C to H, holder. Against whom may H enforce payment and how much?What amount must be remitted if invoices dated August 23 for $810, September 13 for $780 and September 22 for $905, all terms 2/10 E.O.M., are paid together on October 5? DCM Clocks received the following two invoices from its supplier: $25,000 on August 29, 2014 and $24,000 on September 8, 2014. If the payment terms on both the invoices were 2.5/10, 1/20, n/60, calculate the amount that must be paid by DCM Clocks to settle both of these invoices on September 18, 2014. David, the owner of a brewery in Toronto, receives a shipment of barley on August 1, 2014 with an invoice dated July 24, 2014 valued at $39,900 and cash discount payment terms 2/10, n/30, R.O.G. What cash discount would he receive if the invoice is settled on the following dates? August 4, August 11, August 24What is the present value of 6 annual payments of $6,340 each with the first payment being received immediately? Assume you can invest money at a 7.75% pa.. but with semiannual compounding . Record your answer as a dollar amount rounded to 2 decimal places , but do not include a dollar sign or any commas in your answer . For example , enter $ 12,327.24987 as 12327.25 .