2 Exercise 9-2 Accounting for credit card sales LO C1 20 points Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $8,400 (that had cost $6,000) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. 12 Sold merchandise for $5,600 (that had cost $3,500) and accepted the customer's Continental Card. Continental charges a 2.5% fee. eBook Ask Prepare journal entries to record the above credit card transactions of Levine Company. View transaction list X 1 Sold merchandise for $8,400 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. 2 Record the cost of goods sold, $6,000. 3 Sold merchandise for $5,600 and accepted the customer's Continental Card. Continental charges a 2.5% fee. 4 Record the cost of goods sold, $3,500. Note : = journal entry has been entered Journal entry worksheet Sold merchandise for $8,400 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 Record entry Clear entry View general Journal Journal entry worksheet 1 2 3 4 Record the cost of goods sold, $6,000. Note: Enter debits before credits. General Journal Debit Credit Date Apr 08 Record entry Clear entry View general Journal Journal entry worksheet Record the cost of goods sold, $3,500. Note: Enter debits before credits. General Journal Debit Credit Date Apr 12 Record entry Clear entry View general Journal