What is vails outstanding balance

Assignment Help Financial Management

Reference no: EM132045715

Vail Ski Shop received a $1,212 invoice dated July 19 with 5/10, 4/15, n/60 terms. On August 02, Vail sent a $496 partial payment.

a. What credit should Vail receive? (Round your answer to the nearest cent.)

b. What is Vail's outstanding balance? (Round your answer to the nearest cent.)

Reference no: EM132045715

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