A credit card bill for $655 was due on April 14. Purchases of $155.56 were made on April 19. The amount $22.45 was charged on April 21 and $203.36 was charged on April 28. A payment of $500 was made on April 25. Find the average daily balance (in dollars) if the next due date is May 14. (Round your answer to the nearest cent.) $?
A credit card bill for $655 was due on April 14. Purchases of $155.56 were made on April 19. The amount $22.45 was charged on April 21 and $203.36 was charged on April 28. A payment of $500 was made on April 25. Find the average daily balance (in dollars) if the next due date is May 14. (Round your answer to the nearest cent.) $?
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 4Q: American Signs allows customers to pay with their Jones credit card and cash. Jones charges American...
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A credit card bill for $655 was due on April 14. Purchases of $155.56 were made on April 19. The amount $22.45 was charged on April 21 and $203.36 was charged on April 28. A payment of $500 was made on April 25. Find the average daily balance (in dollars) if the next due date is May 14. (Round your answer to the nearest cent.)
$?
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