(Answered) Stacys dress shop received a 1230 invoice dated july 26

Management Studies

Stacy's Dress Shop received a $1,230 invoice dated July 26 with 4/10, 3/15, n/60 terms. On August 09, Stacy's sent a $260 partial payment. (If more than one discount, assume date of last discount)

a. What credit should Stacy's receive? (Round your answer to the nearest cent.)

Credit $

b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.)

Outstanding balance $

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