3 parts
Exercise 7-3 Sales on store credit card LO C1 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 unpald balance on its store credit card at each month-end. Apr. 30 z-Mart sold merchandise for $1,see (that had cost $9ee) and accepted the customer's Z-Mart store credit card. May 31 Z-Mart recorded $3 of interest earned fron its store credit card as of this month-end. Prepare journal entries to record the above selected credit card transactions of Z-Mart C View transaction list Journal entry worksheet 1 2 3 Z-Mart sold merchandise for $1,500 and accepted the customer's Z-Mart store credit card. Note: Enter debits before credits Date General Journal Debit Credit Apr 30 Record entry Clear entry View general joumal Exercise 7-3 Sales on store credit card LO C1 Z-Mart uses the perpetual Inventory system and allows customers to use the Z-Mart store credit c assesses a per-month Interest fee for any unpald balance on its store credit card at each month-e Apr. 30 z-Mart sold nerchandise for $1,500 (that had cost $900) and accepted the customer's 2- Hay 31 Z-Mart recorded $3 of interest earned from its store credit card as of this nonth-end Prepare jourmal entrles to record the above selected credit card transactions of Z-Mart View transaction list Journal entry worksheet 3 Record the cost of good sold $900. Note: Enter debits before credits. Credit Debit General Journal Date Apr 30 View general journal Clear entry Record entry ercise 7-3 Sales on store credit card LO C1 Mart uses the perpetual Inventory system and allows customers to use the Z-Mart store credit ca sesses a per-month Interest fee for any unpald balance on its store credit card at each month-en r. 30 z-Mart sold merchandise for $1,see (that had cost $900) and accepted the customer's Z-Ma ay 31 z-Mart recorded $3 of interest earned from its store credit card as of this nonth-end. epare journal entries to record the above selected credit card transactions of Z-Mart View transaction list Journal entry worksheet 1 2 Z-Mart recorded $3 of interest earned from its store credit card as of this month-end. Note: Enter debits before credits. Credit General Journal Debit Date May 31 View general journal Record entry Clear entry