70.2K

Verified Solution

Link Copied!

Easy Accounting Questions:)

Exercise 7.2 (Algo) Accounting for credit cord sales LO C1 Levine Company uses the perpetusi inventory system. Aoril 8 sold serchandise for $3, seg (that had cost $2,660 ) and accepted the custoner's suntrust Bank card. Suntrust charges a 4K fee. April 12 sold merchandise for $5,600 (that had cost $3,629 ) and accepted the custoner's continental card. continental charges a 2,57 fee. Prepare fournal entries to record the above credit card transactions of Levine Compony Note: Round your answers to the nearest whole dollar omount. Journal entry worksheet Exercise 7-2 (Algo) Accounting for credit card sales LO C1 Levine Company uses the perpetual inventory system. April 8 sold merchandise for $3,6e0 (that had cost $2,660 ) and accepted the custconer's suntrust Bank card. Suntrust charges a 4$ fee. April 12 sold merchandise for $5,600 (that had cost $3,629 ) and accepted the custoner's continental card. continental charges a 2.58 fee. Prepare joumat entries to record the above credit card transactions of Levine Company. Note: Round your answers to the nearest whole dollar amount. Journal entry worksheet Exercise 7-2 (Algo) Accounting for credit card soles LO C1 Levine Company uses the perpetual inventory system April 8 sold merchandise for $3,600 (that had cost $2,660 ) and accepted the custoner"s suntrust Bank card. suntrust charges a 4 \% fee. April 12 sold merchandise for $5,600 (that had cost $3,629 ) and accepted the custoner's continental card. Continental charges a 2.5x fee. Prepare joumal entrles to fecord the above credit card transactions of Levine Company Note: Round your answers to the nearest whole dollar amount. Journal entry worksheet Sold merchandise for $3,600 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Nets: Enter debies before credith. Exercise 7-2 (Algo) Accounting for credit card sales LO C1 Levine Company uses the perpetual imventory system. April is sold aerchindse for $3,600 (that had cost $2,669 ) and accepted the custcmer's suntrust Bank card. Suntrust charges a 4$ fee, April 12 sold merchondise for $5,600 (that had cost $3,629 ) and accepted the custcoer's continental card. continental charges a 2.5t fee. Prepare joumal entries to record the above credit card transactions of Levine Company Note: Round your answers to the nearest whole dollar omount. Journal entry worksheet Sold merchandise for \$\$,600 and accepted the customer's Continental Card. Continental charges a 2.5% fee. Niotwi Enier detias belore condits

Answer & Explanation Solved by verified expert

See Answer