Credit Card StatementTransaction DescriptionPrevious balance, $2645.38June 1Billing dateJune 6June 8June 9June 17June 27June 30PaymentCharge: GasCharge: GroceriesCharge: GasCharge: GroceriesCharge: ClothingEnd of billing periodPayment Due Date: July 9Transaction Amount$1300.00 credit$35.02$137.66$41.69$125.66$215.47 The credit card with the transactions described in the popup below uses the average daily balance method to calculateinterest. The monthly interest rate is 1.4% of the average daily balance. Calculate parts a-d using the statement in thepopup.Click the icon to view the credit card statementa. Find the average daily balance for the billing period. Round to the nearest cent.The average daily balance for the billing period is $(Round to the nearest cent as needed.)

Here, DateTransactionTransaction Amount1-JunPrevious Balance $ 2,645.386-JunPayment…

Credit Card Statement Transaction Description Previous balance, $2645.38 June 1 Billing date June 6 June 8 June 9 June 17 June 27 June 30 Payment Charge: Gas Charge: Groceries Charge: Gas Charge: Groceries Charge: Clothing End of billing period Payment Due Date: July 9 Transaction Amount $1300.00 credit $35.02 $137.66 $41.69 $125.66 $215.47

Credit Card Statement Transaction Description Previous balance, $2645.38 June 1 Billing date June 6 June 8 June 9 June 17 June 27 June 30 Payment Charge: Gas Charge: Groceries Charge: Gas Charge: Groceries Charge: Clothing End of billing period Payment Due Date: July 9 Transaction Amount $1300.00 credit $35.02 $137.66 $41.69 $125.66 $215.47

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 4.12C

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