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    JeanGirl's Avatar
    JeanGirl Posts: 2, Reputation: 0
    New Member
    		  
    #1

    Jun 25, 2012, 06:05 PM
    balance debit credit
    I just can not figure out who owes who.

    I sold to Ms. X a product for $229,214.

    Ms. X then sold to me a similar product for $456,193
    I then sold another product to Ms. X a new product for $429,529.

    I know there is a difference of $202,550. But do not know who the money belongs to.. . Me or Ms. X; and we want to be at a zero balance with neither owing the other; yet without one or the other profiting.

    Please Help!
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #2

    Jun 25, 2012, 06:47 PM
    Why does this sound more like homework than a real life problem? If you are dealing with this amount of money you must have an Accountant.

    Ask him/her.
    JeanGirl's Avatar
    JeanGirl Posts: 2, Reputation: 0
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    #3

    Jun 26, 2012, 08:03 PM
    And being homework deserves a serious and truthful reply not a fools comment.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #4

    Jun 26, 2012, 08:10 PM
    Quote Originally Posted by JeanGirl View Post
    and being homework deserves a serious and truthful reply not a fools comment.
    AMHD doesn't do homework - you might want to read the rules OR post this in the homework section.

    And this particular fool did her homework herself.

    But, anyway, let's see - you sold her $229,214 and $456,193 for a total of $685,407. She sold you $429,529. Would appear her total is higher than yours so she owes you the difference - ? What grade math is this?

    EDIT: I see this OP just bit the hand that fed her. Talk about who is the fool - ? Obviously me because I did her homework for her.
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