Tamara goes on a spring break trip with her school to visit historical sites in Italy. She purchases $200 of souvenirs while on the trip. She gets back to the U.S. and opens her credit card statement. What will be the balance in her account, assuming she had a zero balance prior to making these purchases and didn't make any other purchases?

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter24: Recording International And Internet Sales
Section24.1: Recording International Sales
Problem 1OYO
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  1. Tamara goes on a spring break trip with her school to visit historical sites in Italy. She purchases $200 of souvenirs while on the trip. She gets back to the U.S. and opens her credit card statement. What will be the balance in her account, assuming she had a zero balance prior to making these purchases and didn't make any other purchases?
    1. $0.00
    2. $200.00
    3. $206.00
    4. $6.00

 

Fees
Annual Fee
Transaction Fees
Balance Transfer
• Cash Advance
Foreign Transaction
Late Payment
Returned Payment
Penalty Fees
None
Either $5 or 3% of the amount of each transfer, whichever is greater.
Either $10 or 4% of the amount of each cash advance, whichever is greater.
3% of the U.S. Dollar amount of each such transaction.
Up to $35 (Varies by State. See next page for details.).
Up to $35 (Varies by State. See next page for details.).
Transcribed Image Text:Fees Annual Fee Transaction Fees Balance Transfer • Cash Advance Foreign Transaction Late Payment Returned Payment Penalty Fees None Either $5 or 3% of the amount of each transfer, whichever is greater. Either $10 or 4% of the amount of each cash advance, whichever is greater. 3% of the U.S. Dollar amount of each such transaction. Up to $35 (Varies by State. See next page for details.). Up to $35 (Varies by State. See next page for details.).
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