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Use the average daily method to find the finance charge on the credit card account...

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Accounting

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Use the average daily method to find the finance charge on the credit card account for September (that will appear on the October bill). The starting balance from the previous month is 280$. The transactions on the account for the month are given below. Assume an annual interest rate of 29% on the account and that the billing date is October 1st. September 1 The starting balance is 280$ September 3 Charged $123 September 10 Made a payment of $ 350 September 13 Returned $25 September 22 Charged $89 The finance charge is $ (Round the answer to nearest cent as needed. Type dollars and cents in the two given blanks.)

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