70.2K

Verified Solution

Link Copied!

Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $6,700 (that, had cost $4,951) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $8,200 (that had cost $5,314) 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 Sold merchandise for $6,700 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee.

Levine Company uses the perpetual inventory system. April \& Sold berchandise for $6,700 (that, had cost \$4,951) and accepted the custoner's Suntrust 8ank Card. Suntrust charges a 48 fee. April 12 Sold merchandise for $8,200 (that had cost $5,314 ) and accepted the custoner's continental card. Continental charges a 2.5x fee. Prepare journal entries to record the above credit card transactions of Levine Company. Note: Round your onswers to the nearest whole dollor omount. Journal entry worksheet 24 Sold merchandise for $6,700 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Journal entry worksheet 4 Record the cost of goods sold, $4,951. Journal entry worksheet Record the cost of goods sold, $4,951. Note: Enter debits before credits. View transaction list Journal entry worksheet Record the cost of goods sold, 54,951 . Noter Enker debits before credis

Answer & Explanation Solved by verified expert

See Answer