Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $4,200 (that had cost $3,104) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. 12 Sold merchandise for $3,600 (that had cost $2,333) 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.) View transaction list Journal entry worksheet 2 3 4 Sold merchandise for $3,600 and accepted the customer's Continental Card. Continental charges a 2.5% fee. Note: Enter debits before credits. Date General Journal Debit Credit Apr 12 Record entry Clear entry View general journal
Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $4,200 (that had cost $3,104) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. 12 Sold merchandise for $3,600 (that had cost $2,333) 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.) View transaction list Journal entry worksheet 2 3 4 Sold merchandise for $3,600 and accepted the customer's Continental Card. Continental charges a 2.5% fee. Note: Enter debits before credits. Date General Journal Debit Credit Apr 12 Record entry Clear entry View general journal
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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7 ex 4
Transcribed Image Text:Levine Company uses the perpetual inventory system.
Apr. 8 Sold merchandise for $4,200 (that had cost $3,104) and accepted the customer's Suntrust Bank Card.
Suntrust charges a 4% fee.
12 Sold merchandise for $3,600 (that had cost $2,333) 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.)
View transaction list
Journal entry worksheet
2
3
4
Sold merchandise for $3,600 and accepted the customer's Continental Card.
Continental charges a 2.5% fee.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
Apr 12
Record entry
Clear entry
View general journal
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