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From the following facts, Molly Roe has requested you to calculate the average daily balance. The customer believes the average daily balance should be

From the following facts, Molly Roe has requested you to calculate the average daily balance. The customer believes the average daily balance should be $877.67. Respond to the customer's concern. 28-day billing cycle 3/18 Billing date 3/24 Payment 3/29 Charge: Sears 4/5 Payment 4/9 Charge: Macy's Average daily balance $ 712 Previous balance $ 54 cr. 233 20 cr. 184

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