Answer:
The $59 amount is credited to the seller
Explanation:
Since in the question, it is given that the HOA dues per month are $108 and the house is closed on May 15. And this HOA dues will pay on the first day.
So, in the given case, the calculation is presented below:
Since the house is closed on May 15 and as we know that in May month there are 31 days so, from May 15 to May 31 there are 17 days
So, for one day, the due is
= $108 ÷ 31 days
= 3.48
And, for 17 days, it will be $59 and the same is to be credited to the seller and debited to the buyer
