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Exercise 7-3 Sales on store credit card LO C1 Z-Mart uses the perpetual tnventory 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 tnventory 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. 47 Prepare journal entries to record the above selected credit card transactions of Z-Mart. View transaction list Journal entry worksheet

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