use those terms just change the words Levine Company uses the perpetual inventory...

60.1K

Verified Solution

Question

Accounting

image
image
image
image
image
image
image
image
image
use those terms just change the words
Levine Company uses the perpetual inventory system. Apr. # Sold merchandise for $7,400 (that had cost $5,469) and accepted the customer's Suntrust Bank Card. Suntrust charges a 41 fee. 12 Sold merchandise for $4,600 (that had cost $2.981) 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. (Round your answers to the nearest whole dollar amount.) Journal entry worksheet 1 2 3 4 Sold merchandise for $7,400 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 Journal entry worksheet 1 N 2 3 4 > Record the cost of goods sold, $5,469. Note: Enter debits before credits. Date General Journal + Debit Credit Apr 08 Journal entry worksheet 2 Sold merchandise for $4,600 and accepted the customer's Continental Card. Continental charges a 2.5% fee. Note: Enter debits before credits. Date General Journal Debit Credit Apr 12 Journal entry worksheet

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students