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Z-Mart uses the perpetual inventory system and allows customers to use the Z-Mart store creait card in charging purchases. Z-Mart assesses a per-month interest fee
Z-Mart uses the perpetual inventory system and allows customers to use the Z-Mart store creait card in charging purchases. Z-Mart assesses a per-month interest fee for any unpaid balance on its store credit card at each month-en Apr. 30 Z-Mart sold merchandise for S2.300 (that had cost $1,300) and accepted the custoser's 2-Mart state credit card. Nay 31 2-Mart recorded $5 of interest earned from its store credie card s of chis month-end Prepare journal entries to record the above selected credit card transactions of Z-Mart. View transaction list Journal entry worksheet tert and merdngs n credit card. Note: Enter debits before credits General Journal Debit Credit Date Apr 30 Record entry
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