A credit card bill for $660 was due on July 1. Purchases of $375 were made on July 7, and $310 was charged on July 22. A payment of $300 was made on July 15. Find the average daily balance (in dollars) for the August 1 bill. Round your answer to the nearest cent.
A credit card bill for $660 was due on July 1. Purchases of $375 were made on July 7, and $310 was charged on July 22. A payment of $300 was made on July 15. Find the average daily balance (in dollars) for the August 1 bill. 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 $660 was due on July 1. Purchases of $375 were made on July 7, and $310 was charged on July 22. A payment of $300 was made on July 15. Find the average daily balance (in dollars) for the August 1 bill. Round your answer to the nearest cent.
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