Levine Company uses the perpetual inventory system.

April 8Sold merchandise for $3,700 (that had cost $2,734) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee.April 12Sold merchandise for $4,000 (that had cost $2,592) 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.

#1 - Sold merchandise for $3,700 and accepted the customers Suntrust Bank Card. Suntrust charges a 4% fee.

#2- Record the cost of goods sold, $2,734.

#3- Sold merchandise for $4,000 and accepted the customers Continental Card. Continental charges a 2.5% fee.

#4- Record the cost of goods sold, $2,592.