1. The table below shows the activity on the credit card statement of Miss PepperCorn for the month of May. She started the month with a balance of $342.63. Round your answers to the nearest cent. a. Location Date Activity 05/05 Payment Payment 05/15 Charge Gas 05/27 Charge Macy's Amount $200.00 $52.37 $105.42 Make a table showing each transaction to find the average daily balance for the month of May. Below your table, remember to show your work for calculating the average daily balance. Explain.
1. The table below shows the activity on the credit card statement of Miss PepperCorn for the month of May. She started the month with a balance of $342.63. Round your answers to the nearest cent. a. Location Date Activity 05/05 Payment Payment 05/15 Charge Gas 05/27 Charge Macy's Amount $200.00 $52.37 $105.42 Make a table showing each transaction to find the average daily balance for the month of May. Below your table, remember to show your work for calculating the average daily balance. Explain.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:1. The table below shows the activity on the credit card statement of Miss PepperCorn for the month
of May. She started the month with a balance of $342.63. Round your answers to the nearest cent.
a.
Date Activity Location
05/05 Payment Payment
05/15 Charge Gas
05/27 Charge Macy's
Amount
$200.00
$52.37
$105.42
Make a table showing each transaction to find the average daily balance for the month of May.
Below your table, remember to show your work for calculating the average daily balance.
Explain.
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