2. Record the cost of goods sold, $4,138.

3. Sold merchandise for $3,200 and accepted the customers Continental Card.

4. Record the cost of goods sold, $2,074.

Levine Company uses the perpetual inventory system and allows customers to use two credit cards in charging purchases. With the Suntrust Bank Card, a 4% service charge for credit card sales is assessed. The second credit card that Levine accepts is the Continental Card. Continental assesses a 25% charge on sales for using its card. Apr. 8 Sold merchandise for $5,688 (that had cost $4,138) and accepted the customer's Suntrust Bank Card. 12 Sold merchandise for $3,2 (that had cost $2,874) and accepted the customer's Continental Card. Prepare journal entries to record the above selected credit card transactions of Levine Company Round yournswers to the nearest whole doller amount.) View transaction list Journal entry worksheet Sold merchandise for $5,600 and accepted the customer's Suntrust Bank Card. Note: Enter debits before credits Date General Journal Debit Credit Apr 08 Record entry Clear entry View general journal