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% service charge for credit card sales is assessed. the second credit card that levine accepts is the continental card. continental assesses a 2.5% charge on sales for using its card. prepare journal entries to record the following selected credit card transactions of levine company. sold merchandise for $8, 400 (that had cost $6,000) and accepted the customer's suntrust bank card. the suntrust receipts are immediately deposited in levine's bank account. sold merchandise for $5, 600 (that had cost $3, 500) and accepted the customer's continental card. transferred $5, 600 of credit card receipts to continental, requesting payment. received continental's check for the april 12 billing, less the service charge.

Answer text is available please see the attachment  file for easy understanding

Sr.  Date            Levine Company                Debit            Credit

                     Journal    

1Not Given      Cash                                       $8,064  

              Credit Card Expense-Suntrust                $336  

                       Sales                                                            $8,400  

2Not GivenCost of Goods Sold                  $6,000  

                 Merchandise Inventory                                    $6,000  

3Not GivenAccounts Receivable-Continental  $5,460  

                 Credit Card expense                         $140  

                   Sales                                                            $5,600  

4Not GivenCost of goods Sold                        $3,500  

                 Merchandise Inventory                                     $3,500  

512-Apr         Cash                                                $5,460  

       Accounts Receivable-Continental                              $5,460  

answer; i believe that (pastoral society) is the correct answer;

answer; (c) communism and socialism;