Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Levine Compary uses the perpetual inventory system. fee. 2.5x fee. Prepare journat entries to record the above credit card transactions of tevine Compuny. Note: Round

image text in transcribed
image text in transcribed
image text in transcribed
Levine Compary uses the perpetual inventory system. fee. 2.5x fee. Prepare journat entries to record the above credit card transactions of tevine Compuny. Note: Round your answers to the nearest whole doller amount. Journal entry worksheet 4 Sold merchandlse for $3,300 and accepted the customer's Suntrust Bank Cord. Suntrust charges a 4% fee. Nates. Enter decits belore creats. 1 Sold merchandise for $3,300 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. 2 Record the cost of goods sold, $2,439. 3 Sold merchandise for $5,400 and accepted the customer's Continental Card. Continental charges a 2.5% fee. 4 Record the cost of goods sold, $3,499. Note : = journal entry has been entered Journal entry worksheet Sold merchandise for $3,300 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Note: Enter debits before credits

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The AICPA Audit Committee Toolkit Private Companies

Authors: AICPA

2nd Edition

1940235464, 978-1940235462

More Books

Students also viewed these Accounting questions