What is vails outstanding balance what credit should vail, Financial Management

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What is vails outstanding balance what credit should vail

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.)

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