8.3.36 Use the average daily balance method to compute the finance charge on the credit...
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Accounting
8.3.36 Use the average daily balance method to compute the finance charge on the credit card account for the previous month. The starting balance and transactions on the account for the month of June are given to the right. Assume an annual interest rate of 18% The finance charge is $ (Round to the nearest cent as needed.) Month: June (30 days); previous month's balance: $370 June 3 June 10 June 15 June 18 Made payment of $121 Charged $50 for gasoline Charged $191 for skis Made payment of $140
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