Question

Tune Tones Instrument Tuning Company owes Mandy Lynn's Music Studio $4,856 as of November 1. During November, Tune Tones purchased merchandise from Mandy Lynn totaling $8,495 and made payments on account to Mandy Lynn in the amount of $7,250. The amount Tune Tones owes Mandy Lynn on November 30 is:

Answer 1

Answer:

Amount will be equal to $6101

Explanation:

We have given that Tune Tones Instrument Tuning Company owes Mandy Lynn's Music Studio $4,856

And he purchased merchandise of $8495

So total amount = $4856+$8495 = $ $13351

Now he made payment on account to $7250

We have to find the amount Tune tones owes Mandy on November 30

So the amount will be = $13351-$7250 = $6101