Exercise 7-2 Accounting for credit card sales LO C1 Levine Company uses the perpetual inventory system. Apr. 8. Sold merchandise for $3,800 (that had cost $2,808) and accepted the customer's Suntrust Bank Card. Suntrust charges a 40 fee. 12 Sold merchandise for $6,400 (that had cost $4,147) 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. (Round your answers to the nearest whole dollar amount.) View transaction list View journal entry worksheet No Debit General Journal Credit Date Apr 08 1 Cash Credit card expense Sales 2 Apr 08 Cost of goods sold Merchandise inventory 3 Apr 12 Cash Credit card expense Sales 4 Apr 12 Cost of goods sold Merchandise Inventory