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x Ch 07 Homer * Sched: Line Company oth x + - 0 X CC...

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Accounting

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x Ch 07 Homer * Sched: Line Company oth x + - 0 X CC Online Ingin * C Clufin university Online C r ewconnect. meducation.com/dow/connect.html Ch 07 Homework Help Save & Exit Submit Check my work Exercise 7-2 Accounting for credit card sales LO C1 Levine Company uses the perpetual inventory system and allows customers to use two credit cards in charging purchases. With the Suntrust Bank Card, a 4% scrvice charge for credit card sales is assessed. The second credit card that Levinc accepts is the Continental Care Continental assesses a 2.5% chargeur sales for using its card. Lor. & Sold merchandise for $0,400 (that had cost $0,200) and accepted the customer's Suntrust Bank Card. 12 Sold merchandise for $9,600 (that had cost $6,221) and accepted the customer's Continental Card. Prepare journal entries to record the above selected credit card transactions of Levine Company. (Round your answers to the nearest whole dollar amount. View transaction list Journal entry worksheet Sold merchandise for $8,400 and accepted the customer's Suntrust Bank Card. Note: Enter debts before credits General Journal Debit Credit Date Apr 08 Rudenty Vir a l journal Type here to search A 8:04 AM DG 4* 16000

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