9:21 PM Mon Feb 27(4)110?>Listenprimaverahs.strongmind.comCosts of Credit CardsBilling PaymentDateDateMar. 3Apr. 3May 3June 3July 3Aug. 3Sept. 3Oct. 3Nov. 3Dec. 3Jan. 3Rachel buys clothes from an online retailer. Her purchase total is $130,and she pays with her credit card. The card has a 22% annual interestrate, and her minimum payment is $14.00. Payments are due on the 9thof every month.Her payment schedule follows.Starting balance: $130.00Mar. 7Apr. 7May 7June 7●●●July 7Aug. 7Sept. 7Oct. 7Nov. 7Dec. 7Jan. 7WorkbookO $130.00$143.77$13.77O $154.00What is the total amount Rachel pays for the clothes?3 of 4Payment Interest Principal$14.00 $2.38 $11.62$14.00$2.17 $11.83$14.00$1.95 $12.05$14.00$1.73 $12.27$14.00$1.51 $12.49$14.00$1.28$12.72$14.00$1.05$12.95$14.00 $0.81$13.19$14.00 $0.57 $13.43$14.00 $0.32 $13.68$3.77RemainingBalance$118.38$106.55$94.50$82.23$69.74$57.02$44.07$30.88$17.45$3.77$0.00Next80%

Credit card is a loan facility in which the card holder use pre-approved loan facility for buying…

9:21 PM Mon Feb 27 → 110 X Ⓒ ➡)) Listen Costs of Credit Cards Billing Date Mar. 3 Apr. 3 May 3 June 3 primaverahs.strongmind.com July 3 Aug. 3 Sept. 3 Oct. 3 Nov. 3 Dec. 3 Jan. 3 Rachel buys clothes from an online retailer. Her purchase total is $130, and she pays with her credit card. The card has a 22% annual interest rate, and her minimum payment is $14.00. Payments are due on the 9th of every month. Her payment schedule follows. Starting balance: $130.00 Payment Date Mar. 7 Apr. 7 May 7 June 7 July 7 Aug. 7 Sept. 7 Oct. 7 Nov. 7 Dec. 7 Jan. 7 $13.77 ●●● $130.00 $143.77 Workbook What is the total amount Rachel pays for the clothes? $154.00 3 of 4 Payment Interest Principal $14.00 $2.38 $11.62 $14.00 $2.17 $11.83 $14.00 $1.95 $12.05 $14.00 $1.73 $12.27 $14.00 $1.51 $12.49 $14.00 $1.28 $12.72 $14.00 $1.05 $12.95 $14.00 $0.81 $13.19 $14.00 $0.57 $13.43 $14.00 $0.32 $13.68 $3.77 Remaining Balance $118.38 $106.55 $94.50 $82.23 $69.74 $57.02 $44.07 $30.88 $17.45 $3.77 $0.00 80%

9:21 PM Mon Feb 27 → 110 X Ⓒ ➡)) Listen Costs of Credit Cards Billing Date Mar. 3 Apr. 3 May 3 June 3 primaverahs.strongmind.com July 3 Aug. 3 Sept. 3 Oct. 3 Nov. 3 Dec. 3 Jan. 3 Rachel buys clothes from an online retailer. Her purchase total is $130, and she pays with her credit card. The card has a 22% annual interest rate, and her minimum payment is $14.00. Payments are due on the 9th of every month. Her payment schedule follows. Starting balance: $130.00 Payment Date Mar. 7 Apr. 7 May 7 June 7 July 7 Aug. 7 Sept. 7 Oct. 7 Nov. 7 Dec. 7 Jan. 7 $13.77 ●●● $130.00 $143.77 Workbook What is the total amount Rachel pays for the clothes? $154.00 3 of 4 Payment Interest Principal $14.00 $2.38 $11.62 $14.00 $2.17 $11.83 $14.00 $1.95 $12.05 $14.00 $1.73 $12.27 $14.00 $1.51 $12.49 $14.00 $1.28 $12.72 $14.00 $1.05 $12.95 $14.00 $0.81 $13.19 $14.00 $0.57 $13.43 $14.00 $0.32 $13.68 $3.77 Remaining Balance $118.38 $106.55 $94.50 $82.23 $69.74 $57.02 $44.07 $30.88 $17.45 $3.77 $0.00 80%

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 4Q: American Signs allows customers to pay with their Jones credit card and cash. Jones charges American...

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Examine the summary section of a monthly credit card statement above and find the New Balance. (Disregard the minimum payment
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Next Question Find the total amount of the credit-card sales on the record for the date 09/24/10. 24/10 Sales Refunds $72.29 $488.57 The total of the credit-card sales for 09/24/10 is $ $72.37 $91.62 $180.47 $184.67 $52.32 $91.41 $75.09 $291.95 $135.36 $126.67 $258.07
Ee 332.
• Suppose that on January 1, you have a credit card balance of $600.00. On January 10, you purchase a new Netflix subscription for $21.00. On January 12, you return an item to Bath & Body Works for a credit of $22.50. On January 22, you make a payment of $350.00 On January 25, you make a purchase at Walmart of $87.00. The annual interest rate on your credit card is 0.21. Calculate the finance charge for January that will appear on the next month's statement, using the average daily balance method. Round your answer to the nearest cent. January finance charge.
i Need to post this to the general ledger
American Signs allows customers to pay with their Jones credit card and cash. Jones charges American Signs a 3.5% service fee for each credit sale using its card. Credit sales for the month of June total $328,430, where 40% of those sales were made using the Jones credit card. Based on this information, what will be the total in Credit Card Expense at the end of June?
MN.3.