Here is Kala's credit card statement for the month of June. Date Transaction Transaction amount...

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Accounting

Here is Kala's credit card statement for the month of June.
Date Transaction Transaction
amount
June 1 Beginning balance $2900.06
June 7 Payment $540.00
June 19 Purchase $35.45
June 26 Payment $700.00
(a)Use the credit card statement to help fill in the table below. Note that there are 30 days in June. Also, a purchase increases the unpaid balance, and a payment decreases the unpaid balance.
Date Transaction Transaction
amount Unpaid
balance Number of days at that balance
Unpaid balance \times Number of days
June 1 Beginning balance $2900.06 $2900.066 days (from June 1 through June 6) $17,400.36
June 7 Payment $540.00 $2360.06 days (from June 7 through June 18) $
June 19 Purchase $35.45 $ 7 days (from June 19 through June 25) $
June 26 Payment $700.00 $ 5 days (from June 26 through June 30) $
Total: 30 days Total: $
(b)Find the average daily balance. Write your answer to the nearest cent.
$
(c)Suppose the credit card company charges an interest rate of 1.6% on the average daily balance for June found in part (b). How much interest will be charged? Write your answer to the nearest cent.
$
(d)What will Kala's beginning balance be for the month of July (including the interest for June found in part (c))

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