Exercise 9-2 (Algo) Accounting for credit card sales LO C1 Levine Company uses the perpetual Inventory...

Transcribed Image Text:

Exercise 9-2 (Algo) Accounting for credit card sales LO C1 Levine Company uses the perpetual Inventory system. April 8 sold merchandise for $6,888 (that had cost $4,434) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $8,480 (that had cost $5,443) 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 $6,000 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Note: Enter debits before credits. Date April 08 General Journal Debit Credit Record entry Clear entry View general journal Exercise 9-2 (Algo) Accounting for credit card sales LO C1 Levine Company uses the perpetual Inventory system. April 8 sold merchandise for $6,888 (that had cost $4,434) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $8,480 (that had cost $5,443) 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 $6,000 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Note: Enter debits before credits. Date April 08 General Journal Debit Credit Record entry Clear entry View general journal