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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

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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 $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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