Partial payment on the invoice


An invoice dated February 9 in amount of $45,000 is received by Reliance Corporation on February 13. Cash discount terms on invoice are 2/10, n/30. On February 18, Reliance pays in amount of $9,000 as the partial payment on the invoice. Determine the credit Reliance receives for this payment?

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Mathematics: Partial payment on the invoice
Reference No:- TGS0873336

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