What would the running balance be on June 1 for the data given below, if there is a previous balance of $230 (on May 4)?Review running balances here.DateActivityMay 4Billing DateMay 6Payment$120Мay 10Groceries$205May 18Target$80June 1Restaurant$90$485$355$465$725O O

In this we have to calculate the amount taken and amount of payment done.

Answered: Activity -4 Billing Date -6 Payment…

Business

Finance

Activity -4 Billing Date -6 Payment $120 10 Groceries $205 18 Target $80 e 1 Restaurant $90 $485 $355 $465 $725

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

What would the running balance be on June 1 for the data given below, if there is a previous balance of $230 (on May 4)?
Review running balances here.
Date
Activity
May 4
Billing Date
May 6
Payment
$120
Мay 10
Groceries
$205
May 18
Target
$80
June 1
Restaurant
$90
$485
$355
$465
$725
O O

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