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Lelia McDaniel has an account at Lakeside Furniture Store. Compute the missing values in Lelia's account summary for the month of August. Assume that all

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Lelia McDaniel has an account at Lakeside Furniture Store. Compute the missing values in Lelia's account summary for the month of August. Assume that all payments are made within the current billing cycle. Round answers to nearest cent. TERMS: There will be no finance charge if the full amount of the new balance is received within 25 days after the cycle closing date. The finance charge, if any, is based upon the entire previous balance before any payments or credits are deducted. The rates are 1.5% per month on amounts up to $1,000 and 1.25% on amounts in excess of $1,000. These are annual percentage rates of 18% and 15%, respectively. Previous Balance Payment Amount Finance Charge Purchases New Balance Cycle Closing 8/20/20 Credits $46.00 $1,782.45 $500.00 $960.80

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