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Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $3,700 (that had cost $2,734) and accepted the customer's Suntrust Bank Card. Suntrust
Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $3,700 (that had cost $2,734) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $9,200 (that had cost $5,962) 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. 2 View transaction list Journal entry worksheet 1 Date April 08 Sold merchandise for $3,700 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Note: Enter debits before credits. W Record entry S 2 X #3 20 CashH Merchandise inventory 11 3 F3 E 4 D General Journal $ 4 Clear entry DDD DOD C F4 70 F LL % 65 U N 8 J FB 1 9 K M F10 L
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