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4 On March 19 Jangles Corporation received a $20,800 invoice dated March 16. Cash discount terms were 3/10, 1/30. On March 23

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Answer #1

a):-Because partial payment has been made within 10 days therefore 3℅ credit will allowed on partial amount.

Credit receive by jangles= Sent amount X 3%

= $8320 X 3℅ = $249.60 (Answer)

b):- Jangles' outstanding balance = Invoiced amount - sent amount= $20800 - $8320 = $12480 (Answer)

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