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Juli2301 [7.4K]
3 years ago
6

On March 11, Jangles Corporation received a $20,000 invoice dated March 8.

Business
1 answer:
Dafna11 [192]3 years ago
3 0

Answer:

a. What credit should Jangles receive?

8333,33

b. What is Jangles' outstanding balance?

11666,67

Explanation:

a. What credit should Jangles receive?    

Invoice 20000  

Discount rate 100%-4%  

   

received 8000_________96%

           x___________100%

   

Received 8333,333333  

   

b. What is Jangles' outstanding balance?    

   

20000-8333,33=Oustaning balance    

   

Oustandind balance 11666,67  

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