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5 Doint Levine Company uses the perpetual inventory system and allows customers to use two credit cards in charging purchases. With the Suntrust Bank Card,

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5 Doint 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 2.5% charge on sales for using its card. Apr. sold marchandise tor $9.500 (that had cont $7,021) and accepted the customer's sutrust Dank Card 12 Sold merchandise tor 55.000 (that had cost $3,240) and accepted the customer's Continental Card. Prepare Journal entries to record the above selected credit card transactions of Levine Compony, (Round your answers to the nearest whole dollar amount.) eBook Hint View transaction list Journal entry worksheet Print

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