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aaron had an unpaid balance of 1177.79 on his credit card statement at the befinning of April he made a payment of 430 during the month and made purcahses of 36.02 if the interest rate on arron credit card was 4.5% per monthon the unpaid balance find his finance charge and the new balance on may 1
What else can I help you with?
The office supplies account showed a beginning debit balance of P6000 and purchases of P10000.The ending debit balance was P4000.?
Office supplies beginning balance 6000Add: Purchases 10000Total 16000Less:closing balance 4000Supplies expense for current period 12000
What is a monthly billing statement?
A monthly billing statement - is the notification sent out by the credit card company, detailing the most recent transactions on the account. It shows any payments made since the last statement, any new purchases and the amount of interest charged on the current balance. It is NOT a demand to pay the whole balance - but an advisory on the minimum payment that must be paid this month.
Is the overall change in cash calculated on the statement of cash flows always the same as the beginning cash balance on the balance sheet?
the difference between the beginning and the ending cash balance on balance sheet
Is debenture interest paid shown in balance sheet?
if Debenture interest is paid already then it will only show in income statement while if debenture interest is payable in future then it will only comes balance sheet, while if part of interest paid and part of interest payable then portion of paid amount will be shown in income statement while remaining amount will be shown in balance sheet as liability
When preparing a retained earnings statement the beginning retained earnings balance can always be found?
in journal
Where does interest go on balance sheet?
Interest is part of income statement and shown in income statement and not part of balance sheet.
Do you have to pay the statement balance or current balance to avoid interest?
To avoid interest charges, you typically need to pay the statement balance in full by the due date.
Should you pay the statement balance or current balance in full to avoid interest charges?
To avoid interest charges, you should pay the statement balance in full.
Which balance should I pay: the current balance or the statement balance?
You should pay the statement balance to avoid interest charges.
The office supplies account showed a beginning debit balance of P6000 and purchases of P10000.The ending debit balance was P4000.?
Office supplies beginning balance 6000Add: Purchases 10000Total 16000Less:closing balance 4000Supplies expense for current period 12000
Do you get charged interest on your statement balance or current balance?
Interest is typically charged on the statement balance, which is the amount you owe at the end of the billing cycle. The current balance includes new charges and payments made after the statement is issued.
Should I pay my current balance or statement balance?
You should pay your statement balance to avoid interest charges.
Should I pay my statement balance or my current balance?
You should pay your statement balance to avoid interest charges.
Should you pay your current balance or statement balance?
You should pay your statement balance to avoid interest charges.
Is purchases a balance sheet item?
No, purchases are not typically shown as a balance sheet item. Purchases represent the cost of goods or services acquired by a business, and they are typically reported on the income statement as an expense. The balance sheet primarily includes assets, liabilities, and shareholders' equity.
Which balance should I pay off: the statement balance or the current balance?
You should pay off the statement balance to avoid interest charges.
Do purchases go on an income statement?
No, purchases do not go on an income statement. The income statement only includes revenues and expenses directly related to the operation of the business. Purchases are recorded on the balance sheet as an increase in inventory or as an expense when the inventory is sold.
