Paying Bills The Tree Doctor4092 Eighth St., Riverside, CA 9250X (909) 555-4068 February 18, 200X Horizon Recreation Village Accounting Department 4041 Walnut Street Riverside, CA 9250X Dear Sir/Madam: Four months ago, we sent you an invoice for trimming your trees. Shortly thereafter, your accounts payable division indicated that you needed to defer payment for 60 days due to a business slowdown. The 60 days, and more, have now passed. Please remit payment immediately. Our accounts receivable department will be expecting your check within seven days. Thank you for your immediate attention to this matter. Sincerely, Rosella Springer Rosella Springer Accounts Receivable Manager
WHAT DO YOU KNOW? Circle the word in parentheses that best completes each sentence.1 | Our (payables / receivables) department would like to receive your payment as soon as possible. |
A1:
| receivables. Receivables departments receive payments. They also send out invoices and statements. |
2 | Your (payables / receivables) department has not sent payment. |
A2:
| payables. Payables departments pay invoices. |
3 | (Remit / Permit) payment immediately. Do not (defer / refer) payment to a later date. |
A3:
| remit; defer. To remit payment is to send it; to defer it is to delay it. |
4 | We are sending the (invoice / manual) for our services. Please pay it within seven days. |
A4:
| invoice. An invoice is a bill asking for payment. |
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TERMS RELATED TO PAYING BILLS invoice list of items or services along with their prices, shipping, and other costs, indicating an amount owed by the customer; a billremit send paymentdefer delaypayable owed by a company or individual; an amount to be paidreceivable owed to a company or individual; an amount to be received or collected |
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