From the following facts, Molly Roe has requested you to calculate the average daily balance. The customer believes the average dail balance should be $877.67. Respond to the customer's concern. Note: Round your final answer to the nearest cent. 28-day billing cycle 3/18 Billing date $ 664 Previous balance 3/24 Payment $ 60 Credit 3/29 Charge: Sears 4/5 Payment 250 19 Credit 4/9 Charge: Macy's 160 Average daily balance

From the following facts, Molly Roe has requested you to calculate the average daily balance. The customer believes the average dail balance should be $877.67. Respond to the customer's concern. Note: Round your final answer to the nearest cent. 28-day billing cycle 3/18 Billing date $ 664 Previous balance 3/24 Payment $ 60 Credit 3/29 Charge: Sears 4/5 Payment 250 19 Credit 4/9 Charge: Macy's 160 Average daily balance

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 2.4C

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