please help me fast 3. You received your first credit card statement in the mail.Statement from: December 15 toJanuary 14The Christmas ShoppeCredit Card Statement12/1712/2212/24Previous Balance $282.94$21.39$92.18$15.79Toys for YouSimpson's BakeryNew Balance$282.94PaymentsInterest Charged $0New PurchasesMinimum PaymentAnnual Interest 12.9%Available Credita) Calculate the amount of new purchases made this month.b) What is your new balance?c) The minimum payment is the greater of 3% or $20. Determine your minimum payment for this month.d) If your credit limit is $1500, what is your available balance?e) Calculate the daily interest rate. Express the answer as a decimal and a percent rounded to four decimal place

The attached image is a Credit card Statement. Every month, the statement is shared to the account…

a) Calculate the amount of new purchases made this month. b) What is your new balance? c) The minimum payment is the greater of 3% or $20. Determine your minimum payment for this month. d) If your credit limit is $1500, what is your available balance? e) Calculate the daily interest rate. Express the answer as a decimal and a percent rounded to four decimal pla-

a) Calculate the amount of new purchases made this month. b) What is your new balance? c) The minimum payment is the greater of 3% or $20. Determine your minimum payment for this month. d) If your credit limit is $1500, what is your available balance? e) Calculate the daily interest rate. Express the answer as a decimal and a percent rounded to four decimal pla-

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter12: Special Journals

Section: Chapter Questions

Problem 4CE: Enter the following transactions in a cash payments journal like the one illustrated in the chapter:...

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Your company paid rent of $1,000 for the month with check number 1245. Which journal would the company use to record this? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journal
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Catherine’s Cookies has a beginning balance in the Accounts Payable control total account of $8,200. In the cash disbursements journal, the Accounts Payable column has total debits of $6,800 for November. The Accounts Payable credit column in the purchases journal reveals a total of $10,500 for the current month. Based on this information, what is the ending balance in the Accounts Payable account in the general ledger? EA6. LO 7.3Record the following transactions in the sales journal: Jan. 15 Invoice # 325, sold goods on credit for $2,400, to Maroon 4, account # 4501 Jan. 22 Invoice #326, sold goods on credit for $3,500 to BTS, account # 5032 Jan. 27 Invoice #327, sold goods on credit for $1,250 to Imagine Fireflies, account # 3896
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Prepare the general journal entries for Infinity Diner for the following notes receivable transactions (assuming there are 28 days in February). When required, enter amounts to the nearest cent. If an amount box does not require an entry, leave it blank. Dec. 3 Sold merchandise to Brian Chan on account, $6,900. 11 Sold merchandise to Gloria Lupo on account, $3,600. Jan. 2 Received a $6,900, 10%, 30-day note from Brian Chan in payment of account. 10 Received a $3,600, 12%, 30-day note from Gloria Lupo in payment of account. Feb. 1 Received $600, plus interest on January 2 note, and a new, 14% 60-day note for the remaining balance. Feb. 9 On the maturity date, note dated January 10 was dishonored. Apr. 2 On the maturity date, Infinity Diner received principal and interest for February 1 note.
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