Question
Suppose that on June 1, you have a credit card balance of $720.00. On June, 5, you make an Amazon purchase of $114.00. On
Suppose that on June 1, you have a credit card balance of $720.00. On June, 5, you make an Amazon purchase of $114.00. On June 15, you make another purchase of $53.00 at Costco. On June 22, you make a payment of $450.00. On June 26, you make a return at Target of $175.00. The annual interest rate on your credit card is 27%. Calculate the finance charge for June that will appear on the next month's statement, using the unpaid balance method. Round your answer to the nearest cent. June finance charge
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Accounting Principles Part 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition Volume 1
1118306791, 978-1118306796
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