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Murphy's Repair Has the Following Outstanding Account Receivables at the End

Question 29

Multiple Choice

Murphy's Repair has the following outstanding account receivables at the end of the month.The monthly late fee is 1.50% of the outstanding balance at the end of each billing month following the sale (February sales receive a late fee in April if not paid by March 31) .Determine the total late fees due for the following.  Invoice #  Bill Date  Customer  Original $ Late Fees $ Current Date 68726/15/2017 RLO $321.009/30/201771006/25/2017 JBL $417.009/30/201774697/12/2017 DLL $585.009/30/2017\begin{array}{|l|l|l|l|l|l|}\hline\text { Invoice \# } & \text { Bill Date } & \text { Customer } & \text { Original } \$ & \text { Late Fees } \$ & \text { Current Date } \\\hline 6872 & 6 / 15 / 2017 & \text { RLO } & \$ 321.00 & & 9 / 30 / 2017 \\\hline 7100 & 6 / 25 / 2017 & \text { JBL } & \$ 417.00 & & 9 / 30 / 2017 \\\hline 7469 & 7 / 12 / 2017 & \text { DLL } & \$ 585.00 & & 9 / 30 / 2017\\\hline\end{array}


A) $19.85
B) $31.08
C) $48.17
D) $0.00

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