Exercise 7-2 Accounting for credit card sales LO C1 Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $7,600 (that had cost $5,616) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. 12 Sold merchandise for $6,000 (that had cost $3,888) and accepted the customer's Continental Card. Continental charges a 2.5% fee. Prepare journal entries to record the above credit ceard transactions of Levine Company. (Round your answers to the nearest whole dollar amount.) View journal entry worksheet View transaction list General Journal Debit Credit No Date Cash 1 Apr 08 Credit card expense ces Sales 2 08 Cost of goods sold Merchandise inventory 3 r 12 Cash Credit card exxpense Sales 4 Cost of goods sold Merchandise inventory Apr 12 3,800 3,800