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Ва nce -2/5 $600 X 5 $ $221.00 821.00 X 1 -2/14 821.00 X 8 5 $725.00 98.00 X 1 6-2/28 96.00 13 X ТОTAL AVERAGE DAILY BALANCE %24

Ва nce -2/5 $600 X 5 $ $221.00 821.00 X 1 -2/14 821.00 X 8 5 $725.00 98.00 X 1 6-2/28 96.00 13 X ТОTAL AVERAGE DAILY BALANCE %24

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter6: Receivables And Inventories
Section: Chapter Questions
Problem 6.2MBA: Allowance method Using transactions listed in £6-S. indicate the effects of each transaction on the...
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14. Find the average daily balance (new purchases included). Dates Payment # of days Sum of Balances Purchase End-of-Day Balance 2/1-2/5 $600 X 5 2/6 $221.00 821.00 2/7-2/14 821.00 8 2/15 $725.00 98.00 1 2/16-2/28 96.00 X 13 TOTAL AVERAGE DAILY BALANCE %24 x ×
Transcribed Image Text:14. Find the average daily balance (new purchases included). Dates Payment # of days Sum of Balances Purchase End-of-Day Balance 2/1-2/5 $600 X 5 2/6 $221.00 821.00 2/7-2/14 821.00 8 2/15 $725.00 98.00 1 2/16-2/28 96.00 X 13 TOTAL AVERAGE DAILY BALANCE %24 x ×
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