ux student Home-My.Sc×\\) Registration Term xOACCT1010L01 Connec xy a Connect ps

Question

ux student Home-My.Sc×) Registration Term xOACCT1010L01 Connec xy a Connect ps://newconnect.mheducation.com/flow/connect.html?isRegztrue&returnUrl;: https%3A%2F x M Passport Application Cx %2 Econnectrnheducation.com%2Epaamweb%2Findexhtml%239 Saved Help Save & Exit Su Check my wo Exercise 9-3 Sales on store credit card LO C1 Z-Mart uses the perpetual inventory system and allows customers to use the Z-Mart store credit card in charging purchases. Z-Mart assesses 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 $1,800 (that had cost $650) and accepted the customer's Z-Mart store credit card Hay 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 selected credit card transactions of Z-Mart View transaction list Journal entry worksheet 2 Z-Mart sold merchandise for $1,000 and accepted the customer's Z-Mart store credit card. Note: Enter debits before credits. Date General Journal Debit Apr 30 Clear entry View general journal Record entry Prey 2 of 9 Next DOLL

Explanation / Answer

Date General Journal Debit Credit 30-Apr Accounts receivable 1,000 Sales 1,000 30-Apr Cost of goods sold 650 merchandise inventory 650 31-May Cash 4 interest income 4

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