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Calculate the average daily balance (in $) for October for a revolving credit account with a previous month's bala $120 and the following activity.
Calculate the average daily balance (in $) for October for a revolving credit account with a previous month's bala $120 and the following activity. (Round your answer to the nearest cent.) Date Activity Amount October 3 Cash advance $50.00 October 7 Payment $75.00 October 10 Purchase $26.59 October 16 Credit $20.00 October 25 Purchase $124.60 average daily balance = $
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College Accounting Chapters 1-15
Authors: James Heintz
21st Edition
1285624815, 9781285624815
