Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 6 nts Levine Company uses the perpetual inventory system April 8 Sold merchandise for 6 700 that had cost 4 951 and accepted the

image text in transcribed
image text in transcribed

2 6 nts Levine Company uses the perpetual inventory system April 8 Sold merchandise for 6 700 that had cost 4 951 and accepted the customer s Suntrust Bank Card Suntrust charges a 48 fee April 12 Sold merchandise for 7 600 that had cost 4 925 and accepted the customer s Continental Card Continental charges a 2 58 fee Prepare journal entries to record the above credit card transactions of Levine Company Note Round your answers to the nearest whole dollar amount No 1 2 3 Date April 08 April 08 April 12 Cash Credit card expense Sales Cost of goods sold Merchandise inventory Cash Credit card expense Answer is not complete General Journal 000 Debit Return to questi Credit

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

Step: 3

blur-text-image

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

Calculus One And Several Variables

Authors: Saturnino L Salas, Garret J Etgen, Einar Hille

10th Edition

0470472766, 9780470472767

More Books

Students also viewed these Mathematics questions

Question

How do governments attempt to control the use of the Internet?

Answered: 1 week ago