Question: Vail Ski Shop received a $1,209 invoice dated July 16 with 2/10, 1/15, n/60 terms. On July 30, Vail sent a $493 partial payment. (If more than one discount, assume date of last discount)
a. What credit should Vail receive? (Round your answer to the nearest cent.) Credit $
b. What is Vail's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance $