Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. help plz :) Levine Company uses the perpetual inventory system. Agril 8 sold merchandise for $6,900 (that had cost $5,099 ) and accepted the

1. help plz :) image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Levine Company uses the perpetual inventory system. Agril 8 sold merchandise for $6,900 (that had cost $5,099 ) and accepted the customer's Suntrust Eank Cord. Suntrust charges a 4X fee. April 12 Sold eerchandise for $5, Bee (that had cost 33,738 ) and accepted the custoeer's continental Card. Continental charges a 2.5x fee. Prepare journal entries to recond the above credit card transactions of Levine Company. Note: Round your answers to the neorest whole dollor omount. Journal entry worksheet Levine Company uses the perpetual inventory system. Apri1 8 Sold nerchandise for $6,990 (that had cost $5,099 ) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4 tee. April 12 Sold merchandise for $5,800 (that had cost $3,758 ) and accepted the customer's continental Card. Continental charges a 2.5 fee. Prepare journal entries to record the above credit card transactions of Levine Company. Note: Round your answers to the nearest whole dollar amount. Journal entry worksheet Note: Enter apours berore crears. Levine Company uses the perpetual inventory system. April s sold aerchandise for $6,900 (that had cast $5,099 ) and accepted the custoese's Suntrust Bank Card. Suntrust charges a 4x April 12 501d merchandise for $5,800 (that had cost $3,758 ) and accepted the custooer's continental Card. Continental charges a Prepare journal entries to record the above credit card transactions of Levine Company. Note: Round your answers to the nearest whole dollor omount. Journal entry worksheet Sold merchandise for $6,900 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee, Noter Enter debas before credis. Levine Company uses the perpetual inventory system. Apri1 8 Sold merchandise for $6,909 (that had cost $5,099 ) and accepted the customer's Suntrust Bank Card. Suntrust charges a ax fee. April 12 Sold merchandise for $5,890 (that had cost $3,758 ) and accepted the custoser's continental card. Continental charges a 2.5 fee. Prepare journal entries to record the above credit card transactions of Levine Company. Note: Round your answers to the nearest whole dollar amount. Journal entry worksheet Note: Enter debits before credits

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Why CISOs Fail Security Audit And Leadership Series

Authors: Barak Engel

2nd Edition

1032299258, 978-1032299259

More Books

Students also viewed these Accounting questions