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 $6,500 (that had cost $4,884) and accepted the customer's Suntrust Bank Card. 12 Sold merchandise for $3,200 (that had cost $2,074) 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 whole dollar amount) View transaction list ces Journal entry worksheet 2 3 4 Sold merchandise for $6,500 and accepted the customer's Suntrust Bank Card Uncrate Note: Enter debits befo e oredtu Date General Journal Debit Credit 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 $6,500 (that had cost $4.804) and accepted the customer's Suntrust Bank Card. 12 Sold merchandise for $3,200 (that had cost $2,074) 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 whole dollar amount.) View transaction list. Journal entry worksheet 2 Record the cost of goods sold, $4,804. Note Enter debts befoce credts General Journal Date Debit Credit Seved 12 Sold merchandise for $3,200 (that had cost $2,074) and accepted the customer's Continental Card. Prepare journal entries to record the above selected credit card transactions of Levine Company (Round your ans whole dollar amount.) View transaction list Journal entry worksheet 1 2 3 4 sk Sold merchandise for $3,200 and accepted the customer's Continental Card. Print erences Note: Enter debits before credits. General Journal Date Debit Credit Apr 12 Add shortcut evine 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 $6,500 (that had cost $4,804) and accepted the customer's Suntrust Bank Card. 12 Sold merchandise for $3,200 (that had cost $2,074) 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 whole dollar amount.) View transaction list Journal entry worksheet 2 3 4 es Record the cost of goods sold, $2,074 Note Enter debats befoce credits. General Journal Date Debit Credit Apr 12
