Abby Gives a Card Which Uses the Adjusted Balance

Correct answer to the question Abby has a credit card which uses the adjusted balance method to compute finance charges. Date Amount Transaction.

Please Help Use The Credit Card Information Below And The Designated Method Of Computing Interest Brainly Com

The adjusted balance method calculates the finance charges associated with a credit card account after all adjustments have been made to the account at month-end.

. Her card has an APR of 1183 and she is on a 30 day billing cycle. Abbys January finance charge will be. On September 1st Freida had a balance of 44922.

Calculate the adjusted cash balance per books on May 31. Only the petty cashier is responsible for disbursing cash from the fund. During the month of September she made a payment of 8533 and a purchase of 6099.

Parabolas in standard form. Karen Savannah and Abby Kim formed a partnership investing 300000 and 150000 respectively. The table below shows her transactions in.

A Cash will be credited by 185 for the outstanding checks. Enter the trial balance on a worksheet and complete the worksheet. Abby has a credit card which uses the adjusted balance method to compute finance charges.

Her card has an APR of 1183 and she is on a 30-day billing cycle. The adjusted balance method of calculating your finance charge uses the previous balance from the end of your last billing cycle and subtracts any payments and credits made during the current billing cycle. Submit your assignment using the assignment link in Blackboard.

GRAY CAPITAL Date Explanation Debit Credit Balance Debit Credit Dec 1 Abby invested in a toy store GJ1 700000 700000 28 Abby invested more into the business GJ3 400000 1100000 TOY SALES Date Explanation Debit Credit Balance Debit Credit Dec 3 Sold merchandise to David Plouffe on account GJ1 50000 50000 6 Sold. Any boxes left with a question mark will be automatically graded as. Based on finance charges on the amounts owed at the end of the current billing cycle after posted credits and payments.

Abbys January finance charge is 722 the correct option is C. Select the items below which must be adjusted to the book balance. Freidas credit card has an APR of 1373 and it calculates her finance charge by using the daily balance method and a 30-day billing cycle.

The total amount on which interest will be applied using the adjusted balance method is. Assume you have a balance of 1400 on a credit card with an APR of 21 or 175 per month. Answer to Complete accounting cycleFor the past several years Abby.

Assume that interest for a given month is based on the balance for the previous month. Hello I am having the worst time trying to solve these parabolas and putting them into x-h ay-k2 form. The table below shows her transactions in the month of January.

The periodic rate your interest rate broken down. Answer the following questions on a separate Microsoft Word or Excel document. Cash balance per books 531 5400 Deposits in transit 375 Notes receivable and interest collected by bank.

You start making monthly payments of 200 but at the same time you charge an additional 50 per month to the credit card. You may select more than one answer. The investment had been purchased.

E4-2 The adjusted trial balance columns of the worksheet for Goode Company are as follows. Her card has an apr of 1183 and she is on a 30-day billing cycle. Abby has a credit card which uses the adjusted balance method to compute finance charges.

What is the adjusted balance method. The method is used in the same way for savings accounts except that interest income is calculated after all adjustments have been made. Abby has a credit card which uses the adjusted balance method to.

Abby has a credit card which uses the adjusted balance method to compute finance charges. The table below shows her transactions in the month of January. Review the following statements regarding a petty cash fund used in a business.

Cash will have an adjusted balance of 1250 after posting the required adjustments. The table below shows her transactions in the month of January. Cash will have an adjusted balance of 2120 after posting the required adjustments.

Explain how you reached the answer or show your work if a mathematical calculation is needed or both. ACC 557 Homework 2 Chapter 4 5 and 6 Due Week 4 and worth 105 points Directions. 608 Adams credit card calculates finance charges using the adjusted balance method and a 30-day billing cycle.

Kristin has in its warehouse merchandise on consignment from Abby Co. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. 3 Cards in this Set.

Adjusted bank balance 212C Adjusted book balance 212C a Your answor Is COJTGCtl lJ -. Select the one that is correct. Sales to customers who use bank credit cards such as MasterCard and Visa are usually recorded by a.

In essence the finance company or bank waits until the. Abby has a credit card which uses the adjusted balance method to compute finace charges. Her card has an APR of 1183 and she is on a 30-day billing cycle.

New charges made during the billing cycle are not factored into the adjusted balance. The balance sheet of The Miller Corporation disclosed a long-term investment in the common shares of The Mann Corporation valued at 350000 as of December 31 2012. What will Abbys January finance charge be.

Her card has an APR of 1183 and she is on a 30-day billing cycle. The adjusted bank balance must equal the adjusted cash balance per books.

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