2.17) Find the average daily balance (new purchases included) Payment End of Day Balance Dates 12/1-12/9 12/10 12/11-12/17 12/18 12/19-12/31 Average $840.00 Purchase $230.00 X Number of Days $975.00 x $1,205.00 x $1,205.00 x $365.00 x $365.00 x Total - 9 1 7 1 13 31 Sum of Balances

2.17) Find the average daily balance (new purchases included) Payment End of Day Balance Dates 12/1-12/9 12/10 12/11-12/17 12/18 12/19-12/31 Average $840.00 Purchase $230.00 X Number of Days $975.00 x $1,205.00 x $1,205.00 x $365.00 x $365.00 x Total - 9 1 7 1 13 31 Sum of Balances

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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2.17) Find the average daily balance (new purchases included)
Payment
End of Day
Balance
Dates
12/1-12/9
12/10
12/11-12/17
12/18
12/19-12/31
Average
$840.00
Purchase
$230.00
X Number of
Days
$975.00 x
$1,205.00 x
$1,205.00 x
$365.00 X
$365.00 x
Total →
9
1
7
1
13.
31
Sum of
Balances

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