How much credit did they get for the partial payment

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Reference no: EM133410265

Question: Forever Young Fashions received a $2,400 invoice on February 70, with payment terms of 4/15, N/30. If they made a partial payment on February 14 to reduce the amount owing to $1.300, how much did they pay on February 14 ?

a) How much credit did they get for the partial payment on Feb 14th? b) How much did they actually pay (after the discount) on Feb 14th?

Reference no: EM133410265

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