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Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $4,700 (that had cost $3,473) and accepted the customer's Suntrust Bank Card. Suntrust
Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $4,700 (that had cost $3,473) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $4,200 (that had cost $2,722) 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.) Date General Journal Debit Credit April 08 Credit card expense 4,700 4,700 Date General Journal Debit Credit April 08 < Prev 2 of 3 Next Date General Journal Debit Credit April 12 Date General Journal Debit Credit April 12
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