Answer Happy

Exercise 7-2 Accounting for credit card sales LO C1 Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $6,700 (that had cost $4,951) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. 12 Sold merchandise for $9,400 (that had cost $6,091) 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.)

Journal entry worksheet 1 2 3 4 Sold merchandise for $6,700 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Note: Enter debits before credits. Date Apr 08 General Journal Debit Credit

Journal entry worksheet < 1 2 3 Date Apr 08 Record the cost of goods sold, $4,951. Note: Enter debits before credits. 4 General Journal Debit Credit >

Journal entry worksheet 1 2 Sold merchandise for $9,400 and accepted the customer's Continental Card. Continental charges a 2.5% fee. Note: Enter debits before credits. Date Apr 12 4 General Journal Debit Credit

Journal entry worksheet < 1 2 3 Record the cost of goods sold, $6,091. Note: Enter debits before credits. Date Apr 12 4 General Journal Debit Credit