Tamara goes on a spring break trip with her school to visit historical sites in Italy. She purchases $200 of souvenirs while on the trip. She gets back to the U. S. and opens her credit card statement. What will be the balance in her account, assuming she had a zero balance prior to making these purchases and didn't make any other purchases?

Question

Hamza Perez

Business

2 June, 10:39

Tamara goes on a spring break trip with her school to visit historical sites in Italy. She purchases $200 of souvenirs while on the trip. She gets back to the U. S. and opens her credit card statement. What will be the balance in her account, assuming she had a zero balance prior to making these purchases and didn't make any other purchases?

+3

Answers (1)

Know the Answer?

Alexzander Melendez · Answer 1

Total Outstanding: $200 (Dr)

Explanation:

Under the credit card statement, there would be a total outstanding debit balance of $200. This is a debit balance since according to the banking company, Tamara is indebted or rather a debtor to the banking company. However, if Tamara returned much later after having passed the due date with no payments in the account, it is possible that she may have also incurred an interest expense.