Exercise 7-2 Accounting for credit card sales LO C1 Levine Company uses the perpetual inventory system and allows cust Suntrust Bank Card, a 4% service charge for credit card sales is assess Continental Card. Continental assesses a 2.5% charge on sales for usin Apr. 8 Sod merchandise for $7,600 (that had cost Bank Card. 12 Sold merchandise for $9,400 (that had cost se, Continental Card Prepare journal entries to record the above selected credit card transaction whole dollar amount.) ces View transaction list Journal entry worksheet 2 3 Sold merchandise for $7, 600 and accepted the custorner's Suntrust Bonk Card. 1 or 1 Exercise 7-2 Accounting for credit card sales LO C1 Levine C Continental Card. Continental assesses a 2.5% charge on sales for using its card. Apr. 8 Sold merchandi se for $7,600 (that had cost s5, 616) and accepted the customer's Suntrust 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 Bank Card. 12 Sold merchandise for s9,400 (that had cost $6,091) and accepted the customer's Continental Card. Prepare journal entries to record the above selected credit card transactions of Levine Company. (Round your answers to the nearest Journal entry worksheet Sold r for $7,600 and accepted the customers Suntrust Bank Card.