Levine Company uses the perpetual inventory system.

Apr.		8		Sold merchandise for $8,900 (that had cost $6,577) and accepted the customer's SunTrust Bank Card. SunTrust charges a 4% fee.
		12		Sold merchandise for $7,400 (that had cost $4,795) 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. (Round your answers to the nearest whole dollar amount.)

 

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Sold merchandise for $8,900 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Note: Enter debits before credits. Date General Journal Debit Credit Apr 08 Sold merchandise for $8,900 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Note: Enter debits before credits. Date General Journal Debit Credit Apr 08

Answer rating: 100% (QA)

JOURNAL ENTRY GENERAL JOURNAL 08Apr cash credit card expense 89004 to sales sale ... View the full answer