Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

April 8 Sold merchandise for $3,300 (that had cost $2,439) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4 fee. April 12 Sold

April 8 Sold merchandise for $3,300 (that had cost $2,439) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4 fee. April 12 Sold merchandise, for $3,600 (that had cost $2,333) 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. View transaction list Journal entry worksheet < 1 2 3 4 Sold merchandise for $3,300 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Note: Enter debits before credits Date April 08 General Journal Debit Credit View general Journal Record entry Clear entry fpany uses the perpetual inventory system. April 8 Sold merchandise for $3,300 (that had cost $2,439) and accepted the customer's Suntrust Bank Card. charges a 4% fee. April 12 Sold merchandise for $3,600 (that had cost $2,333) and accepted the customer's Continental Card. Co 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. View transaction list Journal entry worksheet < 1 3 4 Record the cost of goods sold, $2,439. Note: Enter debits before credits. Date April 08. General Journal Debit Credit Record entry Clear entry View general journal Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $3,300 (that had cost $2,439) and accepted the customer's Suntrust Bank Card. Suntrus charges a 4 fee. April 12 Sold merchandise for $3,600 (that had cost $2,333) and accepted the customer's Continental Card. Continenta 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. View transaction list Journal entry worksheet < 1 2 4 Sold merchandise for $3,600 and accepted the customer's Continental Card. Continental charges a 2.5% fee. Note: Enter debits before credits. Date April 12 General Journal Debit Credit Record entry Clear entry View general journal April 8 Sold merchandise for $3,300 (that had cost $2,439) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4 fee. April 12 Sold merchandise, for $3,600 (that had cost $2,333) 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. View transaction list Journal entry worksheet < 1 2 Record the cost of goods sold, $2,333. Note: Enter debits before credits. Date April 12 General Journal Debit Credit Record entry Clear entry View general journal

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

Driving Strategic Decisions From Financial Reports In The Global Economy

Authors: Samuel 0 Omoniyi

1st Edition

979-8853393608

More Books

Students also viewed these Accounting questions

Question

What were the issues and solutions proposed by each team?

Answered: 1 week ago

Question

Were all members comfortable brainstorming in front of each other?

Answered: 1 week ago

Question

5. What information would the team members need?

Answered: 1 week ago