Calculate the average daily balance for the month of January of a charge account with a previous
Calculate the average daily balance for the month of January of a charge account with a previous
Calculate the average daily balance for the month of January of a charge account with a previous month’s balance of $480.94 and the following activity.
Date
Activity
Amount
January 7
Cash advance
$80.00
January 12
Payment
$125.00
January 18
Purchase
$97.64
January 24
Credit
$72.00
January 29
Purchase
$109.70
January 30
Purchase
$55.78