Question

Jerry had the following transaction on his credit card statement on April 1st is unpaid balance $5942.00 the on April 10th a purchase was made $124.00 on April 22 a payment was made $1000.00 on April 28 a purchase was made $628.00

Answer 1

Starting unpaid balance = $5942.00

On April 1st: Starting unpaid balance = $5942.00

On April 10th: $124.00 purchase is made, so the new balance becomes $5942.00 + $124.00 = $6066.00

On April 22nd: $1000.00 payment is made, so the new balance becomes $6066.00 - $1000.00 = $5066.00

On April 28th: $628.00 purchase is made, so the new balance becomes $5066.00 + $628.00 = $5694.00

Therefore, the ending balance on Jerry's credit card statement at the end of April is $5694.00.

Explanation: