Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

April 8 Sold merchandise for $ 8 , 4 0 0 ( that had cost $ 6 , 0 0 0 ) and accepted the

April 8 Sold merchandise for $8,400(that had cost $6,000) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee.
April 12 Sold merchandise for $5,600(that had cost $3,500) 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.
Journal entry worksheet
1
2
3
4
Sold merchandise for $8,400 and accepted the customer's Suntrust Bank Card.
Suntrust charges a 4% fee.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[April 08,Cash,,],[-,Credit card expense,,],[,Sales,,],[,,,],[,,,]]
image text in transcribed

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

More Books

Students also viewed these Accounting questions

Question

Define induction and what are its objectives ?

Answered: 1 week ago

Question

Discuss the techniques of job analysis.

Answered: 1 week ago

Question

How do we do subnetting in IPv6?Explain with a suitable example.

Answered: 1 week ago

Question

Explain the guideline for job description.

Answered: 1 week ago

Question

What is job description ? State the uses of job description.

Answered: 1 week ago

Question

1. Identify six different types of history.

Answered: 1 week ago

Question

2. Define the grand narrative.

Answered: 1 week ago

Question

4. Describe the role of narratives in constructing history.

Answered: 1 week ago