From the following facts, Molly Roe has requested you to calculate the average daily balance. The customer believes the average daily balance should be $877.67. Respond to the customer's concern. Note: Round your final answer to the nearest cent. 28-day billing cycle $800 3/18 Billing date. 3/24 Payment 3/29 Charge: Sears 4/5 Payment 4/9 Charge: Macy's Average daily balance previous balance. $60 Credit 250 20 200 Credit

From the following facts, Molly Roe has requested you to calculate the average daily balance. The customer believes the average daily balance should be $877.67. Respond to the customer's concern. Note: Round your final answer to the nearest cent. 28-day billing cycle $800 3/18 Billing date. 3/24 Payment 3/29 Charge: Sears 4/5 Payment 4/9 Charge: Macy's Average daily balance previous balance. $60 Credit 250 20 200 Credit

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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