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Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $9,500 (that had cost $7,021 ) and accepted the customer's Suntrust Bank Card.

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Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $9,500 (that had cost $7,021 ) and accepted the customer's Suntrust Bank Card. Suntrust charges a 48 fee. April 12 Sold merchandise for $6,800 (that had cost $4,406 ) 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

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