The value of the unpaid balance for the balance sheet of maxi card is $244.64. Option 2 is the correct option.
What is the unpaid balance?
Unpaid balance is the due amount or the balance which is still has to be paid.
The unpaid balance can be found out by subtracting the previous balance from the payments and credits or payment received.
[tex]\rm Unpaid \; Balance=Previous\; Balance-(Payment \; Received)[/tex]
The previous balance of maxi card is $312.64 and the payment received is $68. Thus, put the values in the above formula as,
[tex]\rm Unpaid \; Balance=312.64-68\\ Unpaid \; Balance=244.64[/tex]
Hence, the value of the unpaid balance for the balance sheet of maxi card is $244.64. Option 2 is the correct option.
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