The activity date, company, and amount for your credit card bill is shown below. The due date of the bill is September 15. Activity Date Company Amount August 15 Unpaid Balance $1236.43 August 16 Veterinary Clinic 125.00 August 17 Gasoline 23.56 August 18 Olive’s Restaurant 53.45 August 20 Seaside Market 41.36 August 22 Monterey Hotel 223.65 August 25 Airline Tickets 310.00 August 30 Bike 101 23.26 September 1 Trattoria Maria 36.45 September 12 Seaside Market 41.25 September 13 Credit Card Payment 1345.00 Find the finance charge on your September 15 bill if the interest rate is 18% APR.
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|
Activity Date |
Company |
Amount |
|
August 15 |
Unpaid Balance |
$1236.43 |
|
August 16 |
Veterinary Clinic |
125.00 |
|
August 17 |
Gasoline |
23.56 |
|
August 18 |
Olive’s Restaurant |
53.45 |
|
August 20 |
Seaside Market |
41.36 |
|
August 22 |
Monterey Hotel |
223.65 |
|
August 25 |
Airline Tickets |
310.00 |
|
August 30 |
Bike 101 |
23.26 |
|
September 1 |
Trattoria Maria |
36.45 |
|
September 12 |
Seaside Market |
41.25 |
|
September 13 |
Credit Card Payment |
1345.00 |
Find the finance charge on your September 15 bill if the interest rate is 18% APR.
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- Mookie the Beagle Concierge makes a payment on the VISA credit card on 01/31/2023 in the amount of $800. Required: To record the payment on the VISA credit card: 1. From the Navigation Bar, select Expenses > select Expenses tab 2. From the New transaction drop-down menu, select Pay down credit card 3. For Which credit card did you pay?, select 2100 VISA Credit Card 4. For How much did you pay?, enter 800.00 5. For Date of payment, enter 01/31/2023 6. For What did you use to make this payment?, select 1001 Checking 7. Select Save and close 8. What is the balance of the VISA Credit Card account after the credit card payment is recorded? Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount. Answer is complete but not entirely correct. $ 1,673.00 8. Balance of the VISA credit card accountMookie the Beagle Concierge makes a payment on the VISA credit card on 01/31/2023 in the amount of $800. Required: To record the payment on the VISA credit card: 1. From the Navigation Bar, select Expenses > select Expenses tab 2. From the New transaction drop-down menu, select Pay down credit card 3. For Which credit card did you pay?, select 2100 VISA Credit Card 4. For How much did you pay?, enter 800.00 5. For Date of payment, enter 01/31/2023 6. For What did you use to make this payment?, select 1001 Checking 7. Select Save and close 8. What is the balance of the VISA Credit Card account after the credit card payment is recorded? Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount. X Answer is complete but not entirely correct. $ 800.00 x 8. Balance of the VISA credit card accountUsing the table, what is the average daily balance of the credit card for the August 1 through August 31 billing period? Round your answer to the nearest dollar. Provide your answer below: Day Activity Adjustment Closing Balance 1 950 8 Payment -400 550 16 Purchase +250 800 24 Purchase +100 900
- es Mookie the Beagle Concierge makes a payment on the VISA credit card on 01/31/2023 in the amount of $800. Required: To record the payment on the VISA credit card: 1. From the Navigation Bar, select Expenses > select Expenses tab 2. From the New transaction drop-down menu, select Pay down credit card 3. For Which credit card did you pay?, select 2100 VISA Credit Card 4. For How much did you pay?, enter 800.00 5. For Date of payment, enter 01/31/2023 6. For What did you use to make this payment?, select 1001 Checking 7. Select Save and close 8. What is the balance of the VISA Credit Card account after the credit card payment is recorded? Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount. 8. Balance of the VISA credit card accountThe credit card with the transactions described in the popup below uses the average daily balance method to calculate interest. The monthly interest rate is 1.5% of the average daily balance. Calculate parts a-d using the statement in the popup. E Click the ioon to view the credit card statement. - X Credit Card Statement Transaction Description Transaction Amount Previous balance, $2652.12 June 1 Billing date Payment Charge: Gas June 6 $1200.00 credit $35.43 $138.26 $41.97 $126.77 $214.27 June 8 Charge: Groceries June 17 Charge: Gas Charge: Grooeries June 27 Charge: Clothing June 9 a. Find the average daily balance for the billing period. Round to the nearest cent The average daily balance for the billing period is S. (Round to the nearest cent as needed.) June 30 End of billing period Payment Due Date: July 9 b. Find the interest to be paid on July 1, the next billing date. Round to the nearest cent. The interest to be paid on July 1 is $- (Use the answer from part a to find this…Using the table, what is the average daily balance of the credit card for the August 1 - August 31 billing period? Round your answer to the nearest cent. Provide your answer below: Day Activity Adjustment Closing Balance 1 850 8 Payment -400 450 16 Purchase +350 800 24 Purchase +600 1,400
- EM6.11 Pay Credit Card Mookie the Beagle Concierge makes a payment on the VISA credit card on 01/31/2023 in the amount of $800. Required: To record the payment on the VISA credit card: From the Navigation Bar, select Expenses > select Expenses tab From the New transaction drop-down menu, select Pay down credit card For Which credit card did you pay?, select 2100 VISA Credit Card For How much did you pay?, enter 800.00 For Date of payment, enter 01/31/2023 For What did you use to make this payment?, select 1001 Checking Select Save and close What is the balance of the VISA Credit Card account after the credit card payment is recorded? Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount.Using the table, what is the average daily balance of the credit card for the July 1 - July 31 billing period? Round your answer to the nearest cent. Day Activity Adjustment Closing Balance 1 ----- ------ 8000 9 Payment −700 7300 19 Purchase +550 7850 27 Payment −600 7250From the accounts receivable ledger, prepare a schedule of accounts receivable for Robinson's Auto Supply Center as of May 31, 20--. ACCOUNTS RECEIVABLE LEDGER Account Sal Buchemi Date Item PostRef. Debit Credit Balance May 9 J1 89.00 89.00 19 J2 215.00 304.00 Account Grace Carlton Date Item PostRef. Debit Credit Balance May 10 J2 11,401.00 11,401.00 15 J2 2,263.00 13,664.00 Account Pat Heins Date Item PostRef. Debit Credit Balance May 15 J2 5,278.00 5,278.00 22 J3 5,278.00 0.00 Account Falana Moore Date Item PostRef. Debit Credit Balance May 4 J1 1,139.00 1,139.00 8 J1 423.00 1,562.00 14 J2 1,139.00 423.00 Account Peggy Nelson Date Item PostRef. Debit Credit Balance May 1 J1 23,652.00 23,652.00 10 J2 23,652.00 0.00 14 J2 13,236.00 13,236.00 Account Will Sache Date Item PostRef. Debit Credit Balance…
- Using the table, what is the average daily balance of the credit card for the November 1 - November 30 billing period? Round your answer to the nearest cent.Do not include a dollar sign or comma in your answer. For example, $5, 678.00 should be entered as 5678.00. Day Activity Adjustment Closing Balance 1 7500 11 Payment -500 7000 21 Payment -750 6250 30 Purchase +250 6500[The following information applies to the questions displayed below.] Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $3,456,448. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2(a) For each semiannual period, complete the table below to calculate the cash payment. 2(b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(c) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. 4. Prepare the first two years of a straight-line amortization table. 5. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Req 1 Req 2A to 2C Req 3 Req 4 Req 5 Prepare the…Using the table, what is the average daily balance of the credit card for the December 1 - December 31 billing period? Round your answer to the nearest cent. Day Activity Adjustment Closing Balance 1 -- -- 9,500 6 Purchase +500 10,000 16 Purchase +1,250 11,250 21 Purchase +3,000 14,250