Solve the problem. Round to the nearest cent.John handles all accounts payable for his small business. He has a bill for $120, dated November 10, and plans to make a partial payment of $63 within the discount period. If the terms of the transaction were  find the amount credited to the account and find the outstanding balance if the partial payment was made November 18.

A. Credit: $60.48
Balance: $59.52
B. Credit: $65.63
Balance: $54.37
C. Credit: $63.00
Balance: $57.00
D. Credit: $65.52
Balance: $54.48


Answer: B

Mathematics

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