Calculate the service charges of doing banking using an ATM and Interac purchases during the month....
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Calculate the service charges of doing banking using an ATM and Interac purchases during the month. Jill belongs to the BMO bank and used a BMO bank machine to withdraw cash 14 times and to pay bills 6 times. She also withdrew cash from a non-BMO ATM 8 times. She also used her debit card to purchase items 22 times during the month. Jill was unable to maintain a balance above $1500 for the entire month. The account information is given below: Account Information • Up to 20 transactions for $7.50 per month and $0.50 for each transaction over 20 $1.50 for each transaction from an non-BMO ATM • All BMO based transactions are free if minimum balance of $1500.00 maintained in the account at all times <> Calculate the service charges of doing banking using an ATM and Interac purchases during the month. Jill belongs to the BMO bank and used a BMO bank machine to withdraw cash 14 times and to pay bills 6 times. She also withdrew cash from a non-BMO ATM 8 times. She also used her debit card to purchase items 22 times during the month. Jill was unable to maintain a balance above $1500 for the entire month. The account information is given below: Account Information • Up to 20 transactions for $7.50 per month and $0.50 for each transaction over 20 $1.50 for each transaction from an non-BMO ATM • All BMO based transactions are free if minimum balance of $1500.00 maintained in the account at all times <>
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Answer rating: 100% (QA)
Based on the account information provided Jill will incur the following service charges BMO ATM Wit... View the full answer
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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