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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

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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 2-Mart sold merchandise for $1,700 (that had cost $1,000) and accepted the customer's X-Mart store credit card. May 31 2-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. View transaction list Journal entry worksheet Z-Mart sold merchandise for $1,700 and accepted the customer's Z-Mart store credit card. Note: Enter debits before credits. General Journal Date Credit Apr 30 Cash Sales Debit 1,700 1,700 Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $9,000 of its accounts receivable from Leer Co. 29 Leer Co. unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt. Prepare journal entries to record the above transactions View transaction list Journal entry worksheet Record write off of Leer Co. account. Note: Enter debits before credits. Date General Journal Debit Credit March 11

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