An invoice for $7140, dated October 4, was received by a company with the terms 2/15 EOM. A decision was made to make a partial payment of $410 on November 1. Find the amount credited to the account and find the outstanding balance.
◦ Credit: $410.00
Balance: $6730.00
◦ Credit: $418.20
Balance: $6721.80
◦ Credit: $418.37
Balance: $6721.63
◦ Credit: $401.80
Balance: $6738.20