Levine Company uses the perpetual inventory system.

April $8$ Sold merchandise for $$8,500($that had cost $$6,282)$ and accepted the customer's Suntrust Bank Card. Suntrust charges a $4\%$ fee.

April $12$ Sold merchandise for $$3,200($that had cost $$2,074)$ and accepted the customer's Continental Card. Continental charges a $2\mathrm{.}5\%$ fee.

Prepare journal entries to record the above credit card transactions of Levine Company.

Note: Round your answers to the nearest whole dollar amount.

$(1)$ Sold merchandise for $$8,500$ and accepted the customer's Suntrust Bank Card. Suntrust charges a $4\%$ fee. ank Card.

$2$ Record the cost of goods sold, $$6,282.$

$3$ Sold merchandise for $$3,200$ and accepted the customer's Continental Card. Continental charges a $2\mathrm{.}5\%$ fee.

Credit

$4$ Record the cost of goods sold, $$2,074.$

Note : $=$ journal entry has been entered