The activity date, company, and amount for a credit card bill are shown below. The due date of the bill is July 10. On June 10, there was an unpaid balance of $987.81. Find the finance charge if the interest rate is 1.9% per month. (Round your answer to the nearest cent.)

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter8: Budgets And Bank Reconciliations
Section: Chapter Questions
Problem 1.1C
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The activity date, company, and amount for a credit card bill are shown below. The due date of the bill is July 10. On June 10, there was an unpaid balance of $987.81. Find the finance charge if the interest rate is 1.9% per month. (Round your answer to the nearest cent.)

Activity
Date
June 10
June 11
June 12
June 15
June 16
June 20
June 22
June 28
June 30
July 2
July 8
Company
Unpaid balance
Jan's Surf Shop
Albertson's
The Down Shoppe
NY Times Sales
Cardiff Delicatessen
The Olde Golf Mart
Lee's Hawaiian Restaurant
City Food Drive
Credit card payment
Safeway Stores
Amount
987.81
156.33
45.61
59.84
18.54
23.09
126.92
41.78
100.00
-1000.00
161.38
Transcribed Image Text:Activity Date June 10 June 11 June 12 June 15 June 16 June 20 June 22 June 28 June 30 July 2 July 8 Company Unpaid balance Jan's Surf Shop Albertson's The Down Shoppe NY Times Sales Cardiff Delicatessen The Olde Golf Mart Lee's Hawaiian Restaurant City Food Drive Credit card payment Safeway Stores Amount 987.81 156.33 45.61 59.84 18.54 23.09 126.92 41.78 100.00 -1000.00 161.38
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