Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) 30-day billing cycle Previous balance 24 $ 2,600 Billing date Payment Charge: Home Depot Payment Cash advance 9/16 9/19 66 cr. 9/30 10/3 1,800 66 cr. 10/7 76 Finance charge is 1.5% on average daily balance. Average daily balance Finance charge

Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.) 30-day billing cycle Previous balance 24 $ 2,600 Billing date Payment Charge: Home Depot Payment Cash advance 9/16 9/19 66 cr. 9/30 10/3 1,800 66 cr. 10/7 76 Finance charge is 1.5% on average daily balance. Average daily balance Finance charge

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter6: Investing And Financing Activities

Section: Chapter Questions

Problem 3.8C

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Question

Calculate the average daily balance and finance charge. (Round your answers to the nearest cent.)
30-day billing cycle
Previous balance
$ 2,600
Billing date
Payment
Charge: Home Depot
Payment
Cash advance
9/16
9/19
66 cr.
1,800
66 cr.
9/30
10/3
10/7
76
Finance charge is 1.5% on average daily balance.
es
Average daily balance
Finance charge
%24

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