vine Company uses the perpetual inventory system and allows customers to use two credit cards in The second credit card that Levine accepts is the Continental Card. Continental assesses a 2.5% charge on sales for using its card. Prepare journal entries to record the following selected credit card transaction d Sold merchandise for $8,400 (that had cost $6,000) and accepted the customer's Suntrust Bank Sold merchandise for $5,600 (that had cost $3,500) and accepted the customer's Continental Exercise 7-2 Accounting for credit card sales C1 Le charging purchases with the Suntrust Bank Card, a 4% service charge for credit card sales is Levine Company Apr. 8 Card 12 Card