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Z-Mart uses the perpetual inventory system and has its own credit card. Z-Mart charges a per-month...

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 $2,200 (that had cost $1,250) and accepted the customer’s Z-Mart store credit card.
May 31 Z-Mart recorded $4 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.

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JOURNAL ENTRY Ivo. Date General 12 Apr.30 | Accounts receivable 1. To sales Journal ACC I credit $ 2900 Debit. D $2200 Alc DIf you like my work plz rate. Thanks

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