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    An Invoice for $3868, Dated June 26, Had Terms 2/10
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An Invoice for $3868, Dated June 26, Had Terms 2/10

Question 117

Question 117

Short Answer

An invoice for $3868, dated June 26, had terms 2/10, 1/20, n45. What amount was credited for:
a. A payment of $1000 on July 5?
b. A payment of $1000 on July 16?
c. A payment of $1000 on August 10?

Correct Answer:

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a) $1020.4...

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