A.) The activity on Marny Zell's MasterCard account for one billing period is shown below. Find the average daily balance and the finance charge if the billing period is June 26 through July 25, the previous balance was $396.41, and the annual interest rate is 19.5%. June 30 payment $200.00 July 2 gasoline $32.14 July 10 restaurant $58.0 average daily balance $ finance charge $

A.) The activity on Marny Zell's MasterCard account for one billing period is shown below. Find the average daily balance and the finance charge if the billing period is June 26 through July 25, the previous balance was $396.41, and the annual interest rate is 19.5%. June 30 payment $200.00 July 2 gasoline $32.14 July 10 restaurant $58.0 average daily balance $ finance charge $

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 3EA: Consider the following transaction: On March 6, Fun Cards sells 540 card decks with a sales price of...

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