Exercise 9-2 Accounting for credit card sales LO C1 Apr. Levine Company uses the perpetual inventory system. sold merchandise for $7,700 (that had cost $5,690) and accepted the customer'. Suntrust Bank Card. Suntrust charges a 4 fee. 12 Sold merchandise for $7,800 (that had cont 85,054) and accepted the customer's Continental Card. Continental charges a 2.58 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 x > 1 Sold merchandise for $7,700 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. ank Card. 2 Record the cost of goods sold, $5,690. Sold merchandise for $7,800 and accepted the customer's Continental Card. Continental charges a 2.5% 3 fee. Credit 4 Record the cost of goods sold, $5,054