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Stacy's Dress Shop received a $1,080 invoice dated July 11 with 5/10, 4/15, n/60 terms. On July 25, Stacy's sent a $245 partial payment. (If more than one discount, assume date of last discount)
a. What credit should Stacy's receive? (Round your answer to the nearest cent.)
Credit $
b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.)
Outstanding balance
Show your work
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