Exercise 7-2 Accounting for credit card sales LO C1 Levine Company 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 Continental Card. Continental assesses a 2.5% charge on sales for using its card. Apr. 8 Sold merchandise for $8,400 (that had cost $6,000) and accepted the customer's Suntrust Bank Card. 12 Sold merchandise for $5,600 (that had cost $3,500) and accepted the customer's Continental Card. Prepare Journal entries to record the above selected credit card transactions of Levine Company. View transaction list Journal entry worksheet 34 2 Sold merchandise for $8,400 and accepted the customer's Suntrust Bank Card. ces Note: Enter debits before credits General Journal Debit Credit Date Apr 08 + Journal entry worksheet