a. Z-Mart uses the perpetual inventory system and has its own credit card. On April 30,...

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a. Z-Mart uses the perpetual inventory system and has its own credit card. On April 30, Z-Mart sold merchandise for $1,000 (that had cost $650) and accepted the customer's Z-Mart store credit card. b. On May 3rd, the customer paid the balance in full. Prepare the journal entries for the above two transactions. Date Account Debit Credit a. Z-Mart uses the perpetual inventory system and has its own credit card. On April 30, Z-Mart sold merchandise for $1,000 (that had cost $650) and accepted the customer's Z-Mart store credit card. b. On May 3rd, the customer paid the balance in full. Prepare the journal entries for the above two transactions. Date Account Debit Credit

Answer rating: 100% (QA)

Answer Date Account Titles and Explanation Debit Credit 30A... View the full answer