uppose the charge account of Black's Mailing Service at the local supply store had a 1.5% interest rate per month on the average daily balance. Find the Black's finance charge on April 1 if Black's had an unpaid balance on March 1 of $104.08, a payment of $15.00 posted on March 11, and a purchase of $28.32 posted on March 21. The billing cycle ends March 31.

uppose the charge account of Black's Mailing Service at the local supply store had a 1.5% interest rate per month on the average daily balance. Find the Black's finance charge on April 1 if Black's had an unpaid balance on March 1 of $104.08, a payment of $15.00 posted on March 11, and a purchase of $28.32 posted on March 21. The billing cycle ends March 31.

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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