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Exercise 9-2 Accounting for credit card sales LO C1 Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $4,400 (that had cost
Exercise 9-2 Accounting for credit card sales LO C1 Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $4,400 (that had cost $3,252) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. 12 Sold merchandise for $7,000 (that had cost $4,536) 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 1 2 3 4 Sold merchandise for $4,400 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Note: Enter debits before credits. Date General Journal Debit Credit Apr 08 > Journal entry worksheet 1 2 4 Record the cost of goods sold, $3,252. Note: Enter debits before credits. Date Apr 08 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 4 Sold merchandise for $7,000 and accepted the customer's Continental Card. Continental charges a 2.5% fee. Note: Enter debits before credits. Date Apr 12 General Journal Debit Credit Record entry Clear entry View general journal > View transaction list Journal entry worksheet < 1 2 3 4 Record the cost of goods sold, $4,536. Note: Enter debits before credits. Date Apr 12 General Journal Debit Credit Record entry Clear entry View general journal
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