George received an invoice for $5,000 that had payment terms of 3/5 n/30. She made...
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Accounting
George received an invoice for $5,000 that had payment terms of 3/5 n/30. She made a partial payment of $2,500 during the discount period.
a. Calculate the amount credited. Round to the nearest cent
b. Calculate the balance on the invoice after the partial payment was made. Round to the nearest cent
Calculate the missing values and express your answers rounded to two decimal places. Cost Amount of Markup Selling Price Rate of Markup on Cost Rate of Markup on Selling Price a. $0.00 $0.00 $300.00 25.00% 0.00 % b. $66.00 $0.00 $0.00 0.00 % 26.00%
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