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Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $7,500 (that had cost $5,543 ) and accepted the customer's Suntrust Bank Card.
Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $7,500 (that had cost $5,543 ) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $5,200 (that had cost $3,370 ) 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. Journal entry worksheet Sold merchandise for $7,500 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Note: Enter debits before credits
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