Find the average daily balance, finance charge, and new balance. REFERENCE TRANSACTION DATE 6/05 DESCRIPTION POSTING DATE 6/08 6/21 7/01 PURCHASES & ADVANCES $51.64 PAYMENTS & CREDITS 154271 187654 216745 $75.00 6/31 $78.92 AVERAGE DAILY BALANCE BILLING PERIOD Joe's Diner PAYMENT Save More PERIODIC RATE 1.5% NEW BALANCE PREVIOUS BALANCE $124.37 PURCHASES & ADVANCES $130.56 6/03-7/02 PAYMENTS & CREDITS $75.00 FINANCE CHARGE 1.42 PAYMENT DUE 7/23 MINIMUM PAYMENT $20.00 1. Find the sum of daily balances. Payment X Dates End-of-Day Balance $124.37 49.37 49.37 X 6/03-6/20 6/21 6/22-7/02 Number of Days 18 1 11 30 x x x Sum of Balances $2,238.66 49.37 543.07 2,831.10 $75.00 X TOTAL Fill in the correct amounts using the average-daily-balance, no new purchases included method. The periodic rate is 1.5 percent. Dates Payment Sum of Balances 1. 7/057/20 Number of Days 16 1 13 2. 7/21 End-of-Day Balance $441.82 191.82 191.82 X TOTAL DAYS TOTAL AMOUNT $250.00 7/21-8/02 3. 4. 5. 6. What is the average daily balance? 7. What is the finance charge for the period