Levine Company uses the perpetual inventory system.

April $8$ Sold merchandise for $$6,200($that had cost $$4,582)$ and accepted the customer's Suntrust Bank Card. Suntrust

charges a $4\%$ fee.

April $12$ Sold merchandise for $$8,000($that had cost $$5,184)$ 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 $$6,200$ and accepted the

customer's Suntrust Bank Card. Suntrust charges a $4\%$

fee.

$2$ Record the cost of goods sold, $$4,582.$

ank Card.

$3$ Sold merchandise for $$8,000$ and accepted the

customer's Continental Card. Continental charges a $2\mathrm{.}5\%$

fee.

Credit

$4$ Record the cost of goods sold, $$5,184.$