Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Levine Company uses the perpetual Inventory system. April 8 sold morohandise for $9,100 (that had cost $6,725 ) and acceptod the cuatomer' Suntruat Bank Card.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Levine Company uses the perpetual Inventory system. April 8 sold morohandise for $9,100 (that had cost $6,725 ) and acceptod the cuatomer' Suntruat Bank Card. Suntrust. chargen a 4t fee. April 12 Sold morchandivo for $8,000 (that had cout $5,184 ) and accopted the ouatonor'a continontal Card. Continonta) charges a 2.5t lee. Prepare joutnal entries to record the above credit card transoctions of Levine Company. Note: Round your answers to the nearest whole dollar amount. Journal entry worksheet 2 Sold merchandise for $9,100 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Note: Enter debits before credits. Journal entry worksheet Record the cost of goods sold, $6,725. Note: Enter debits before credits. Journal entry worksheet Sold merchandise for $8,000 and accepted the customer's Continental Card. Continental charges a 2.5% fee. Note: Enter debits before credits. Journal entry worksheet Record the cost of goods sold, $5,184. Note: Enter debits before credits

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting Exam Kit Kaplan Approved Acca

Authors: Kaplan Publishing

1st Edition

9781787404137

More Books

Students also viewed these Accounting questions