Ristorante Italiano made payments of $5,000 on March 29 and $3,000 on April 7 to General
Restaurant Supplies on an invoice for $11,870. The invoice was dated March 21 and carried terms of 1½/10, ½/20, n/30.
a) What is the balance after the second payment?
b) On what date is the balance due?

Question

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The Answer of Ristorante Italiano made payments of $5,000 on March 29 and $3,000 on April 7 to General
Restaurant Supplies on an invoice for $11,870. The invoice was dated March 21 and carried terms of 1½/10, ½/20, n/30.
a) What is the balance after the second payment?
b) On what date is the balance due?

Ristorante Italiano Made Payments of $5,000 on March 29 and $3,000