Z-Mart uses the perpetual inventory system and has its own credit card. Z-Mart charges 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 $3,000 (that had cost $1,650) and accepted the customers Z-Mart store credit card.
May		31		Z-Mart recorded $5 of interest earned from its store credit card as of this month-end.

Prepare journal entries to record the above credit card transactions of Z-Mart.

• Z-Mart sold merchandise for $3,000 and accepted the customers Z-Mart store credit card.
• Record the cost of good sold $1,650.
• Z-Mart recorded $5 of interest earned from its store credit card as of this month-end.