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Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $7,600 (that had...

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Accounting

Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $7,600 (that had cost $5,616) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. April 12 Sold merchandise for $10,000 (that had cost $6,480) 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

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