Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $3,400 (that had cost $2,513) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $8,400 (that had cost $5,443) 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. View transaction list Journal entry worksheet < 1 2 3 4 Record the cost of goods sold, $5,443. Note: Enter debits before credits. Date April 12 General Journal Debit Credit Cost of goods sold Merchandise inventory

Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $3,400 (that had cost $2,513) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $8,400 (that had cost $5,443) 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. View transaction list Journal entry worksheet < 1 2 3 4 Record the cost of goods sold, $5,443. Note: Enter debits before credits. Date April 12 General Journal Debit Credit Cost of goods sold Merchandise inventory

Name: Levine Company uses the perpetual inventory system.April 8 Sold merch
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Description: Levine Company uses the perpetual inventory system.April 8 Sold merchandise for $3,400 (that had cost $2,513) and accepted the customer's Suntrust Bank Card. Suntrustcharges a 4% fee.April 12 Sold merchandise for $8,400 (that had cost $5,443) and ac

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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