Complete the table to determine the unpaid balances and the finance charges. The interest rate is 1.5% on the un Month Unpaid Finance Purchases Returns Payments Balance Charge during Beginning Month of Month June July $639.62 The finance charge for June is $ (Round to the nearest cent.) $113.43 $41.34 $218.43 $45.94 $175 $210 Unpaid Balance at End of Month

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
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Complete the table to determine the unpaid balances and the finance charges. The interest rate is 1.5% on the unpaid balance.
Month Unpaid Finance Purchases Returns Payments
Balance Charge during
Beginning
Month
of Month
June
July
$639.62
The finance charge for June is
(Round to the nearest cent.)
$113.43 $41.34
$218.43 $45.94
$175
$210
Unpaid
Balance at
End of
Month
Transcribed Image Text:Complete the table to determine the unpaid balances and the finance charges. The interest rate is 1.5% on the unpaid balance. Month Unpaid Finance Purchases Returns Payments Balance Charge during Beginning Month of Month June July $639.62 The finance charge for June is (Round to the nearest cent.) $113.43 $41.34 $218.43 $45.94 $175 $210 Unpaid Balance at End of Month
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