Module 3 Credit Card and Mortgage Worksheet Credit Cards You have a credit card with a current balance of $150. The interest rate is 13.99% and you use this card to pay your cell phone bill of $89 each month. That is now the only time you use this card. Reminders: Finance charge is found […]
Using the Balance Sheet and Income Statement above, answer the following questions: 1. Create a trial Balance. 2. On June 30, 2018, the following transactions occurred. Prepare Journal Entries for each one. Note that the chart of account is condensed! So you will have to decide which provided account is appropriate. Provide the journal entries […]
Individual Project Finance Mark has a credit card with a $5,000 balance. His interest rate is 19%, and the credit card company requires a minimum 2% payment, this is $100 per month. This interest calculator will show how much total interest Mark will pay. Write a short paper (300–500 words) that answers the following questions: […]
