SOLUTION: On March 11, Jangles Corporation received a $20,000 invoice dated March 8. Cash discount terms were 4/10, n/30. On March 15, Jangles sent an $8,000 partial payment.
a.
What cr
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Question 990741: On March 11, Jangles Corporation received a $20,000 invoice dated March 8. Cash discount terms were 4/10, n/30. On March 15, Jangles sent an $8,000 partial payment.
a.
What credit should Jangles receive? (Round your answer to the nearest cent.)
b.
What is Jangles’ outstanding balance? (Round your answer to the nearest cent.)
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
This is not an accounting website. Try Chegg.com.
John
My calculator said it, I believe it, that settles it
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