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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

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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 E-Mart sold merchandise for $2,900 (that had cost $1,600) and accepted the customer's X-Mart store credit card. May 31 Mart recorded 84 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. View transaction ist Journal entry worksheet 2 3 Z-Mart sold merchandise for $2,900 and accepted the customer's Z-Mart store credit card Note: Enter debits before credits General Journal Debit Credit Date Apr 30 Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the cost of good sold $1,600. Note: Enter debits before credits Date General Journal Debit Credit Apr 30 Record entry Clear entry View transaction list Journal entry worksheet Z-Mart recorded $4 of interest earned from its store credit card as of this month-end. Note: Enter debits before credits Date General Journal Debit Credit May 31 Record entry Clear entry View general journal

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