Calculate (A) Amount to Be Credited and (B) Balance Outstanding

question 26

Short Answer

Calculate (A) amount to be credited and (B) balance outstanding:
Invoice: $3,000; Terms 2/10, n/30
Invoice date: July 5
Payment amount $600
Date paid: July 14
A. ____________
B. ____________

---

Definitions:

Melatonin

A hormone produced by the pineal gland that regulates sleep-wake cycles and is influenced by the presence of light.

Biological Clock

An internal mechanism in organisms that controls the cycle of biological processes and behaviors in a roughly 24-hour cycle.

Phototherapy

A treatment method that uses light to treat certain conditions, such as jaundice in newborns or skin disorders like psoriasis.

Seasonal Affective Disorder (SAD)

A controversial disorder in which a person experiences depression during the winter and an improvement of mood in the spring.