Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Check my work Levine Company uses the perpetual inventory system Apr. 8 Sold merchandise for $8,400 (that had cost $6,000) and accepted the customer's Suntrust

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Check my work Levine Company uses the perpetual inventory system Apr. 8 Sold merchandise for $8,400 (that had cost $6,000) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4 fee. 12 Sold merchandise for $5,600 (that had cost $3,500) and accepted the customer's Continental Card. Continental charges a 2.56 fee. Prepare Journal entries to record the above credit card transactions of Levine Company View transaction list 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 Date General Journal Debit Credit Apr 08 View transaction St Journal entry worksheet Record the cost of goods sold, $3,500. Note: Enter debits before credits. Date General Journal Debit Credit Apr 12 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_2

Step: 3

blur-text-image_3

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

Financial Accounting

Authors: Jill Collis

1st Edition

1137335882, 978-1137335883

More Books

Students explore these related Accounting questions