Previous Balance Payments New Late Finanče New Balance Minimum SUMMARY / Credits Purchases Charge Charge Payment $420.50 $0.00 $30.00 Average Daily Balance # Days in Billing Сyce Monthly Periodic Rate $ 3,000.00 APR Total Credit Line Total Available Credit 30 19.8% 1.65% Fill in all of the missing values from above! Payments/Credits = New Purchases = Average Daily Balance = Finance Charge = New Balance = Total Available Credit =

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter4: Operating Activities: Sales And Cash Receipts
Section: Chapter Questions
Problem 4.4C
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Question
What are the missing values above
POSSIBLE
ACCOUNT INFORMATION
Турe
Revolving
Account Number 234 98765 90 Billing Date 16 Aug Payment Due Date 1 Sep
TRANSACTIONS
DEBITS/ CREDITS (-)
6 AUG
Meghan's Shop
$85.63
7 AUG
Payment
--$63.00
8 AUG
Joe's Italian Restaurant
$47.60
10 AUG
University of New York
$855.00
15 AUG
SkyHigh Airlines
$370.50
16 AUG
Payment
-$137.00
Finance
Charge
New
Balance
Minimum
Payment
Late
Previous
Balance
Payments
/ Čredits
New
Purchases
Charge
SUMMARY
$420.50
$0.00
$30.00
Average
Daily
Balance
# Days
in Billing
Сydle
Monthly
Periodic
Rate
$ 3,000.00
Total Credit Line
Total Available Credit
APR
30
19.8%
1.65%
Fill in all of the missing values from above!
Payments/Credits =
New Purchases =
Average Daily Balance =
Finance Charge =
New Balance =
Total Available Credit =
Transcribed Image Text:POSSIBLE ACCOUNT INFORMATION Турe Revolving Account Number 234 98765 90 Billing Date 16 Aug Payment Due Date 1 Sep TRANSACTIONS DEBITS/ CREDITS (-) 6 AUG Meghan's Shop $85.63 7 AUG Payment --$63.00 8 AUG Joe's Italian Restaurant $47.60 10 AUG University of New York $855.00 15 AUG SkyHigh Airlines $370.50 16 AUG Payment -$137.00 Finance Charge New Balance Minimum Payment Late Previous Balance Payments / Čredits New Purchases Charge SUMMARY $420.50 $0.00 $30.00 Average Daily Balance # Days in Billing Сydle Monthly Periodic Rate $ 3,000.00 Total Credit Line Total Available Credit APR 30 19.8% 1.65% Fill in all of the missing values from above! Payments/Credits = New Purchases = Average Daily Balance = Finance Charge = New Balance = Total Available Credit =
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