Suppose you want to estimate your transportation expenses for the year.Explain how you could use this one-month statement to make an estimate for one year of transportation expenses. Sunshine International BankCredit Card StatementAccount SummaryPrevious BalancePayments/CreditsPurchases/DebitsFinance ChargesNew Balance$174.10$174.10$441.92$0.00$441.92Credit Limit$2,500.00$2,058.08Available Credit+Statement Closing DatePayment Due Date03/25/-04/16/-+%3DMinimum Payment DueTotal Amount Due$10.00$10.00TransactionsTranDate PostDate Reference Number DescriptionDebits Credits03/0403/0403/0403/0903/1003/1103/2003/2440139NOJFAAB46916G0OHPZNWAL-MART GRIDLEY, ILMANNY'S GAS EUREKA, ILTRIPLE A TOWING NORMAL, ILPAYMENT THANK YOU PEORIA IL5.2321.0003/0403/0903/1003/1103/2003/2142337J03PJ8869.0044320NLJ02RP-174.1044300JSBZRLP7-ELEVEN #808 WASHINGTON, ILRIVERSIDE MED CTR PEORIA, IL 321.90MANNY'S GAS EUREKA, IL6.7944101JKBRLL45133LMSDAB18.00

The credit card statement refers to as the record of the recent transactions, interest charges,…

Answered: Suppose you want to estimate your…

Suppose you want to estimate your transportation expenses for the year. Explain how you could use this one-month statement to make an estimate for one year of transportation expenses.

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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Question

Suppose you want to estimate your transportation expenses for the year.
Explain how you could use this one-month statement to make an estimate for one year of transportation expenses.

Sunshine International Bank
Credit Card Statement
Account Summary
Previous Balance
Payments/Credits
Purchases/Debits
Finance Charges
New Balance
$174.10
$174.10
$441.92
$0.00
$441.92
Credit Limit
$2,500.00
$2,058.08
Available Credit
+
Statement Closing Date
Payment Due Date
03/25/-
04/16/-
+
%3D
Minimum Payment Due
Total Amount Due
$10.00
$10.00
Transactions
TranDate PostDate Reference Number Description
Debits Credits
03/04
03/04
03/04
03/09
03/10
03/11
03/20
03/24
40139NOJFAAB
46916G0OHPZN
WAL-MART GRIDLEY, IL
MANNY'S GAS EUREKA, IL
TRIPLE A TOWING NORMAL, IL
PAYMENT THANK YOU PEORIA IL
5.23
21.00
03/04
03/09
03/10
03/11
03/20
03/21
42337J03PJ88
69.00
44320NLJ02RP
-174.10
44300JSBZRLP
7-ELEVEN #808 WASHINGTON, IL
RIVERSIDE MED CTR PEORIA, IL 321.90
MANNY'S GAS EUREKA, IL
6.79
44101JKBRLL
45133LMSDAB
18.00

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