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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

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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 unpaid balance on its store credit card at each month-end. Apr. 3e Z-Mart sold nerchandise for $2,200 (that had cost $1,250) and accepted the custoner'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 Prepare journal entries to record the above selected credit card transactions of Z-Mart View transaction list Journal entry worksheet Z-Mart sold merchandise for $2,200 and accepted the customer's z-Mart store credit card

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