Calculate the average daily balance, finance charge, and new balance using the average daily balance method.
Monthly rate = 1.25%

Date
Payments
Purchases
Balance
Number of Days
Product/Sum
9/1 - 9/5

$387.52
5
$1,937.60
9/6
$50.00

$337.52
1
$337.52
9/7 - 9/18

$

$
9/19

$62.26
$399.78
1
$399.78
9/20 - 9/30

$

$

Total

30
$

The average daily balance = ÷ 30 = $ .
Finance charge = monthly rate x average daily balance = $ .
New balance = previous balance - payment/credits + finance charge + new purchases = $ .