Question: Exercise 9 - 2 ( Algo ) Accounting for credit card sales LO C 1 Levine Company uses the perpetual inventory system. April 8 Sold

Exercise 9-2(Algo) Accounting for credit card sales LO C1
Levine Company uses the perpetual inventory system.
April 8 Sold merchandise for $6,800(that had cost $5,025) and accepted the customer's Suntrust Bank Card.
Suntrust charges a 4% fee.
April 12 Sold merchandise for $9,600(that had cost $6,221) 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.
 Exercise 9-2(Algo) Accounting for credit card sales LO C1 Levine Company

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