Vinh received an invoice dated April 25, 2020 for $22,760 with the following terms: 3/10, 2/30, R.O.G. The goods were received on May 15, 2020.

a. If he paid $10,000 on May 05, what was the outstanding balance?

b. After making the first payment on May 05, calculate the amount of the second payment made on May 25 that reduced the balance to $5000.

c. What was the total payment (assuming that the balance was paid during the non-discount period)?

AppendixLO1