{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T03:03:10-04:00", "answer_date": "2024-05-26 03:03:10", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1721058", "url": "\/study-help\/questions\/levine-company-uses-the-perpetual-inventory-system-april-8-sold-1721058", "question_creation_date_js": "2024-05-26T03:03:10-04:00", "question_creation_date": "May 26, 2024 03:03 AM", "meta_title": "[Solved] Levine Company uses the perpetual invento | SolutionInn", "meta_description": "Answer of - Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $5,400 (that had cost $3,991) and acc | SolutionInn", "meta_keywords": "levine,company,perpetual,inventory,system,april,8,sold,merchandise,$5,400,cost,$3,991", "question_title_h1": " Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $5,400 (that had cost $3,991) and accepted the customer's Suntrust Bank Card.", "question_title": " Levine Company uses the perpetual inventory system. April 8 Sold merchandise", "question_title_for_js_snippet": "Levine Company uses the perpetual inventory system April 8 Sold merchandise for $5,400 (that had cost $3,991) and accepted the customer's Suntrust Bank Card Suntrust charges a 4 fee April 12 Sold merchandise for $7,200 (that had cost $4,668) 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 $5,400 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 Levine Company uses the perpetual inventory system April 8 Sold merchandise for $5,400 (that had cost $3,991) and accepted the customer's Suntrust Bank Card Suntrust charges a 4 fee April 12 Sold merchandise for $7,200 (that had cost $4,666) 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 20 3 4 Record the cost of goods sold, $3,991 Note Enter debits before credits Date April 08 General Journal Debit Credit Record entry Clear entry View general journal Levine Company uses the perpetual inventory system April 8 Sold merchandise for $5,400 (that had cost $3,991) and accepted the customer's Suntrust Bank Card Suntrust charges a 4 fee April 12 Sold merchandise for $7,200 (that had cost $4,666) 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 Sold merchandise for $7,200 and accepted the customer's Continental Card Continental charges a 2 5 fee Note Enter debits before credits Date April 12 General Journal Debit Credit Record entry Clear entry View general journal Levine Company uses the perpetual inventory system April 8 Sold merchandise for $5,400 (that had cost $3,991) and accepted the customer's Suntrust Bank Card Suntrust charges a 4 fee April 12 Sold merchandise for $7,200 (that had cost $4,668) 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 Record the cost of goods sold, $4,666 Note Enter debits before credits Date April 12 General Journal Debit Credit Record entry Clear entry View general journal", "question_description": "\"image\"image\"image\"image", "transcribed_text": "Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $5,400 (that had cost $3,991) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $7,200 (that had cost $4,668) 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 $5,400 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 Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $5,400 (that had cost $3,991) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $7,200 (that had cost $4,666) 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 20 3 4 Record the cost of goods sold, $3,991. Note: Enter debits before credits. Date April 08 General Journal Debit Credit Record entry Clear entry View general journal Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $5,400 (that had cost $3,991) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $7,200 (that had cost $4,666) 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 Sold merchandise for $7,200 and accepted the customer's Continental Card. Continental charges a 2.5% fee. Note: Enter debits before credits. Date April 12 General Journal Debit Credit Record entry Clear entry View general journal Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $5,400 (that had cost $3,991) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $7,200 (that had cost $4,668) 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 Record the cost of goods sold, $4,666. Note: Enter debits before credits. Date April 12 General Journal Debit Credit Record entry Clear entry View general journal", "related_book": { "title": "Survey of Accounting", "isbn": "978-113318912, 1133189121, 978-1133189121", "edition": "6th edition", "authors": "Carl S Warren", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/275.jpg", "uri": "\/textbooks\/survey-of-accounting-6th-edition-275", "see_more_uri": "" }, "free_related_book": { "isbn": "0153475005", "uri": "\/textbooks\/mexican-american-literature-teachers-manual-1st-edition-9780153475009", "name": "Mexican American Literature Teachers Manual", "edition": "1st Edition" }, "question_posted": "2024-05-26 03:03:10", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/law-business-and-society-\/give-examples-of-three-exceptions-to-the-cardozo-rule-of-1277788", "description": "Give examples of three exceptions to the Cardozo rule of foreseeability.", "stars": 3 }, { "url": "\/the-stratification-calculation-example-in-the-chapter-shows-the-results", "description": "The stratification calculation example in the chapter shows the results of calculating the projected likely misstatement using the difference method. Assume the results shown in Exhibit EP 10-5 were...", "stars": 3 }, { "url": "\/study-help\/fundamentals-of-human-resource-management\/needs-analyses-for-development-may-include-assessment-centers-psychological-testing-1756893", "description": "Needs analyses for development may include assessment centers, psychological testing, and performance appraisals.", "stars": 3 }, { "url": "\/study-help\/coaching-supervision-a-practical-guide-for-supervisees\/recognize-the-potential-antecedents-and-outcomes-of-workfamily-conflict-and-1980166", "description": "recognize the potential antecedents and outcomes of workfamily conflict and workfamily enrichment in the domains of both work and family;", "stars": 3 }, { "url": "\/creative-designs-makes-intricate-jewelry-out-of-precious-metal-the", "description": "Creative Designs makes intricate jewelry out of precious metal. The company is introducing a new line and needs to select a manufacturing process. Three options are available. The first involves...", "stars": 3.5 }, { "url": "\/study-help\/questions\/which-of-the-following-protocols-is-used-for-sending-emails-9847030", "description": "Which of the following protocols is used for sending emails over the Internet? A . SMTP B . FTP C . HTTP D . SNMP", "stars": 3.5 }, { "url": "\/study-help\/questions\/please-help-in-solving-on-march-5-year-1-ross-6460678", "description": "please help in solving! On March 5, Year 1, Ross Company purchased equipment costing $36,700. The equipment has an estimated salvage value of $3,790 and an estimated useful life of 5 years, Ross...", "stars": 3.5 }, { "url": "\/study-help\/questions\/as-a-manager-jason-spends-much-of-his-time-coaching-1808910", "description": "As a manager, Jason spends much of his time coaching his employees and making sure that any required information from upper management reaches them in an understandable format. Jason would best be...", "stars": 3.5 }, { "url": "\/study-help\/questions\/14-in-a-quality-improvement-team-the-project-leader-or-4613981", "description": "14. In a quality improvement team, the project leader or facilitator would do all of the following EXCEPT provide appropriate resources for problem solutions facilitate with quality improvement and...", "stars": 3.5 }, { "url": "\/study-help\/questions\/supplychain-challenges-in-postearthquake-japan-japanese-automakers-have-long-been-4862770", "description": "SUPPLY-CHAIN CHALLEngES IN POST-EARTHQUAKE JAPAN Japanese automakers have long been known for the quality of their products, and especially for the efficiency of their streamlined manufacturing and...", "stars": 3.5 }, { "url": "\/study-help\/questions\/1-what-are-the-economic-costs-of-the-externalities-caused-4904874", "description": "1. What are the economic costs of the externalities caused by air toxins (Front Page Economics \"Air Pollution Kills\"), beach closings, or thermal pollution (Front Page Economics \"Cut the Power to...", "stars": 3.5 }, { "url": "\/study-help\/questions\/the-general-linear-demand-for-good-x-is-estimated-to-4912326", "description": "The general linear demand for good X is estimated to be Q-18,000-175P+0.35M-16PR where P is the price of good X, M is average income of consumers who buy good X, and P. is the price of related good...", "stars": 3.5 }, { "url": "\/study-help\/questions\/question-1-choose-the-definition-that-best-defines-technical-writing-8431685", "description": "QUESTION 1 Choose the definition that best defines technical writing writing that is edited for its techniques ob writing that is used in technical fields such as computer hardware\/software...", "stars": 3.5 }, { "url": "\/for-liquid-water-the-isothermal-compressibility-is-given-by-where-r", "description": "For liquid water the isothermal compressibility is given by; where r and b are functions of temperature only. If 1 kg of water is compressed isothermally and reversibly from I to 500 bar at 60(C. how...", "stars": 3 }, { "url": "\/study-help\/principles-of-marketing\/suppose-you-are-the-coffee-buyer-for-krogers-there-is-1677960", "description": "Suppose you are the coffee buyer for Krogers. There is a strong corporate initiative to increase store-label merchandise. Discuss the advantages and disadvantages of offering private-label coffee.", "stars": 3 }, { "url": "\/study-help\/principles-of-marketing\/why-change-product-line-depth-1677949", "description": "Why change product line depth?", "stars": 3 }, { "url": "\/study-help\/principles-of-marketing\/target-owns-several-privatelabel-brands-in-different-categories-including-mossimo-1677962", "description": "Target owns several private-label brands in different categories, including Mossimo and Xhilaration clothing, Threshold home furniture and decor, and Archer Farms food. Creating all of these brands...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/10-3-points-ebook-hint-print-references-chip-company-produces-1721057", "next": "\/study-help\/questions\/requirement-1-you-are-the-staff-accountant-for-elm-city-1721059" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " Levine Company uses the perpetual inventory system. April 8 Sold merchandise", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/levine-company-uses-the-perpetual-inventory-system-april-8-sold-1721058" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }}