Exercise 7-2 (Algo) Accounting for credit card sales LO C1 Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $4,900 (that had cost $3,621) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee 12 Sold merchandise for $7,600 (that had cost $4,925) and accepted the customer's Continental Card. Continental charges a 2.5% 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 Journal entry worksheet Sold merchandise for $4,900 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Note: Enter debits before credits. General Journal Debit Credit Date Apr 08 Cash Record entry Clear entry View general journal