Question: Mayfair Distributors sent Bed 'n Bath an invoice dated December 23 for $5,344.90 with terms 2/10, 1/20, n/30. The penalty on overdue accounts is 1

Mayfair Distributors sent Bed 'n Bath an invoice dated December 23 for $5,344.90 with terms 2/10, 1/20, n/30. The penalty on overdue accounts is 1 1/2% of the overdue balance.

a. What is the balance after a payment of $3,000 on January 3? (Round your answer to the nearest cent.)

b. What additional payment on January 30 will settle the account? (Round your answer to the nearest cent.)

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