How Is the Apple Card monthly payment calculated?

Greets:

I am about to make my first monthly payment for a balance on my Apple Card.

I am confused by what will be the actual payment amount that will be deducted via scheduled payments. I received a statement showing the balance for the previous month (in this case, July). Is this the amount that will be deducted when it's due at the end of this month (August)? Or will also include transactions made on the following month (also August)?

I'd rather it be just the balance for the previous month, but some clarification would be helpful. Thanks!

[Re-Titled by Moderator]