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Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $4,300 (that had cost $3,178) and accepted the customer's Suntrust Bank Card. Suntrust
Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $4,300 (that had cost $3,178) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $5,600 (that had cost $3,629) 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. Note: Round your answers to the nearest whole dollar amount. View transaction list View journal entry worksheet 1 Sold merchandise for $4,300 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. 2 3 4 Record the cost of goods sold, $3,178. Sold merchandise for $5,600 and accepted the customer's Continental Card. Continental charges a 2.5% fee. Record the cost of goods sold, $3,629. Debit Credit
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