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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:2.15) Find the average daily balance (new purchases included)
Payment
End of Day
Balance
Dates
11/1-11/2
11/3
11/4-11/11
11/12
11/13-11/30
Average
$125.00
Purchase
$65.00
X Number of
Days
$145.00 X
$210.00 X
$210.00 x
$85.00 x
$85.00 X
Total →
2
1
1
18
30
Sum of
Balances
$290.00
$210.00
$1,680.00
$85.00
$1,530
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