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11 Z-Mart uses the perpetual inventory system and allows customers to use the Z-Mart store credit card in charging purchases. Z-Mart assesses a per-month interest
11 Z-Mart uses the perpetual inventory system and allows customers to use the Z-Mart store credit card in charging purchases. Z-Mart assesses a per-month interest fee for any unpaid balance on its store credit card at each month-end. Apr. 30 Z-Mart sold merchandise for $1,000 (that had cost $650) and accepted the customer's Z-Mart store credit card. May 31 Z-Mart recorded $4 of interest earned from its store credit card as of this month-end. 1 points Prepare journal entries to record the above selected credit card transactions of Z-Mart. Skipped View transaction list eBook Hint Journal entry worksheet Print References Z-Mart sold merchandise for $1,000 and accepted the customer's Z-Mart store credit card. Note: Enter debits before credits. Date General Journal Debit Credit Apr. 30 Journal entry worksheet Record the cost of good sold $650 Note: Enter debits before credits. General Journal Debit Credit Date Apr. 30 Journal entry worksheet Z-Mart recorded $4 of interest earned from its store credit card as of this month-end. Note: Enter debits before credits. Date General Journal Debit Credit May 31
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