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1 Exercise 7-2 Accounting for credit card sales LO C1 0.9 points Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $4,200
1 Exercise 7-2 Accounting for credit card sales LO C1 0.9 points Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $4,200 (that had cost $3,104) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. 12 Sold merchandise for $6,600 (that had cost $4,277) and accepted the customer's Continental Card. Continental charges a 2.5% fee. eBook Prepare journal entries to record the above credit card transactions of Levine Company. (Round your answers to the nearest whole dollar amount.) Hint View transaction list Print Journal entry worksheet References 1 2 3 4 > Sold merchandise for $4,200 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Note: Enter debits before credits. Date General Journal Debit Credit Apr 08
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