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Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $9,900 (that had cost $7,316 ) and accepted the customer's Suntrust Bank Card.
Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $9,900 (that had cost $7,316 ) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $6,600 (that had cost $4,277 ) 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 $9,900 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Note: Enter debits before credits. Journal entry worksheet Record the cost of goods sold, $7,316. Note: Enter debits before credits. Journal entry worksheet Sold merchandise for $6,600 and accepted the customer's Continental Card. Continental charges a 2.5% fee. Note: Enter debits before credits. Journal entry worksheet 1 Record the cost of goods sold, $4,277. Note: Enter debits before credits
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