# Balance Calculation Scenarios

Below are different scenarios related to balance calculation.

Scenario I:  Smith Family has two posted invoices of \$500 each issued on 7/1/2018.  They make a payment of \$1000 on 7/15/2018 which was posted the same day.

i) What is the customer balance as of 7/5/2018?

The customer balance as of 7/5/2018 is \$1000 since the invoices are posted prior to 7/5/2018 and receipts are posted after 7/5/2018.

ii) What is the customer balance as of 7/16/2018?

The customer balance as of 7/16/2018 is \$0 since the customer paid off their invoices prior to 7/16/2018.

Scenario II:  John Able is an enrolled student at the school.  His parents are divorced and will each pay half of John's tuition.  John goes to a fancy school so his total tuition amount is \$40,000.  An invoice of \$20,000 is billed to his father and another invoice is billed to his mother.  His father has paid \$15,000 of the invoice as of today and his mother has paid \$10,000 of the invoice as of today.

i) What is the father's balance as of today?

The father's balance as of today is \$5,000 since he has paid \$15,000 of the invoice.

ii)  What is the mother's balance as of today?

The mother's balance as of today is \$10,000 since she has paid \$10,000 of the invoice.

iii) What is John's (student) balance as of today?

John's student balance as of today is \$15,000 since both of his parents have paid \$25,000 out of his total invoice of \$40,000.

Scenario III: Beckham Family has decided to pay tuition for the student Rick Nile, who is connected to the Nile Family.  Since Rick does not go to as fancy of a school as John, his family is billed \$10,000 for tuition.  The invoice is posted and is issued on 7/1/2018.  Beckham Family pays the invoice on 7/15/2018 but their receipt is not posted until 7/20/2018.  The payment is then bounced on 7/25/2018 so the school has to void the receipt on that day.

i) What is the Nile Family's posted customer balance as of 7/5/2018?

Nile Family's posted customer balance as of 7/5/2018 is \$10,000 since the invoice is not paid at that time.

ii) What is Beckham Family's customer balance as of 7/17/2018 if unposted transactions are included?

Beckham Family's customer balance as of 7/17/2018 is \$0 since their receipt has paid off another customer's invoice.

iii) What is Rick's student balance as of as of 7/17/2018 if unposted transactions are included?

Rick's student balance as of 7/17/2018 is \$0 since his invoice has been paid off by Beckham Family's receipt.

iii) What is Nile Family's posted customer balance as of 7/20/2018?

Nile Family's posted customer balance as of 7/20/2018 is \$0 since their invoice has been paid off by Beckham Family's receipt.

iiii) What is Nile Family's posted customer balance as of 7/29/18?

Nile Family's posted customer balance as of 7/29/18 is \$10,000 since Beckham Family's payment bounced on 7/25/2018.