Instructor: Bemadine Cochran Student: Roy'ce Brittentime Date: 11/18/19 Course: Contemporary College Math (B) Assignment: Homework 10.4 (FA2019) 10. The balance on Ramon Felipe's credit card on January 11, his billing date, was $315.54. For the period ending February 11, Ramon had the following transactions to the right. a) Find the average daily balance for the billing period. b) Find the finance charge to be paid on February 11 Assume an interest rate of 1.2% per month c) Find the balance due on February 11 January 19 Charge $55.81 Restaurant meal January 24 Payment February 1 Charge: $110.00 $53.04 Lawn omaments February 6 Charge: $112.02 Microwave oven a) The average daily balance for the billing period was $ (Round to the nearest cent as needed.) b) The finance charge to be paid on February 11 is $ (Round to the nearest cent as needed.) c) The balance due on February 11 is $ (Round to the nearest cent as needed.)
Instructor: Bemadine Cochran Student: Roy'ce Brittentime Date: 11/18/19 Course: Contemporary College Math (B) Assignment: Homework 10.4 (FA2019) 10. The balance on Ramon Felipe's credit card on January 11, his billing date, was $315.54. For the period ending February 11, Ramon had the following transactions to the right. a) Find the average daily balance for the billing period. b) Find the finance charge to be paid on February 11 Assume an interest rate of 1.2% per month c) Find the balance due on February 11 January 19 Charge $55.81 Restaurant meal January 24 Payment February 1 Charge: $110.00 $53.04 Lawn omaments February 6 Charge: $112.02 Microwave oven a) The average daily balance for the billing period was $ (Round to the nearest cent as needed.) b) The finance charge to be paid on February 11 is $ (Round to the nearest cent as needed.) c) The balance due on February 11 is $ (Round to the nearest cent as needed.)
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter9: Accounting For Purchases And Cash Payments
Section9.1: Subsidiary Ledgers And Controlling Accounts
Problem 1WT
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