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Given the table of transactions below, determine the average daily balance of the credit card for the April 1 - April 30 billing period? Day
Given the table of transactions below, determine the average daily balance of the credit card for the April 1 - April 30 billing period?
| Day | Activity | Adjustment | End-of-Day Balance | ||
|---|---|---|---|---|---|
| 1 | ----- | ----- | 1,000 | ||
| 3 | Purchase | +$150 | 1,150 | ||
| 12 | Payment | $50 | 1,100 | ||
| 25 | Purchase | +$300 | 1,400 |
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Financial Accounting For Executives And MBAs
Authors: Wallace, Simko, Ferris
4th Edition
1618531980, 9781618531988
