Please help and answer the questions. I added question 5 for question 6.

Question 1.

Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $9,700 (that had cost $7,168) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $4,400 (that had cost $2,851) 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.)

No	Date	General Journal	Debit	Credit
1	April 08	Cash
		Credit card expense	388
		Sales		9700
2	April 08	Cost of goods sold	7168
		Merchandise inventory		7168
3	April 12	Cash
		Credit card expense
		Sales		4,400
4	April 12	Cost of goods sold	2,851
		Merchandise inventory		2,851

Please help to fill in for April 08 Debit/Credit, April 12 Cash Debit/Credit and credit card expense Debit/Credit.

Question 5. part 1 of 2

Following are transactions of Danica Company.

December 13	Accepted a $22,000, 45-day, 4% note in granting Miranda Lee a time extension on her past-due account receivable.
December 31	Prepared an adjusting entry to record the accrued interest on the Lee note.

Complete the table to calculate the interest amounts at December 31^st and use the calculated value to prepare your journal entries. (Do not round your intermediate calculations. Use 360 days a year.)

Interest Amounts

	Total Through Maturity	Interest Recognized December 31
Principal	$22,000	$22,000
Rate %	4%	4%
Time	45/360	18/360
Total Interest	$110	$44

General Journal

No	Date	General Journal	Debit	Credit
1	December 13	Notes Receivable M. Lee	22,000
				22,000
2	December 31	Interest receivable	44
		Interest revenue		44

Question 6. part 2 of 2

Following are transactions of Danica Company.

December 13	Accepted a $22,000, 45-day, 4% note in granting Miranda Lee a time extension on her past-due account receivable.
December 31	Prepared an adjusting entry to record the accrued interest on the Lee note.

January 27	Received Lee's payment for principal and interest on the note dated December 13.
March 3	Accepted a $16,000, 8%, 90-day note in granting a time extension on the past-due account receivable of Tomas Company.
March 17	Accepted a $15,000, 30-day, 8% note in granting H. Cheng a time extension on his past-due account receivable.
April 16	H. Cheng dishonored his note.
May 1	Wrote off the H. Cheng account against the Allowance for Doubtful Accounts.
June 1	Received the Tomas payment for principal and interest on the note dated March 3.

Complete the table to calculate the interest amounts and use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Use 360 days a year.)

M Lee note

	Total Through Maturity	Amount Accrued at December 31	Interest Recognized January 27
Principal
Rate %
Time
Total Interest

Tomas Company Note

	Total Through Maturity
Principal
Rate %
Time
Total Interest

H Cheng Note

	Total Through Maturity
Principal
Rate %
Time
Total Interest

General Journal

No	Date	General Journal	Debit	Credit