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 $8,400 (that had cost $6,000) and accepted the customer's Suntrust Bank Card. 12 Sold merchandise for $5,600 (that had cost $3,500) and accepted the customer's Continental Card Prepare journal entries to record the above selected credit card transactions of Levine Company View transaction list View journal entry worksheet Date General Journal Debit Credit Apr 08 Cash 9,024 Credit card expense 376 Sales 9,400 Apr 08 Cost of goods sold 6,947 Merchandise inventory 6,947 Apr 12 Cash 7,020 180 Credit card expense Sales 7,200 4 Apr 12 Cost of goods sold 4,666 Merchandise inventory 4,666