Business, 07.11.2019 00:31 jaueuxsn

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. apr. 8 sold merchandise for $8,400 (that had cost $6,000) and accepted the customer’s suntrust bank card. 12 sold merchandise for $5,600 (that had cost $3,500) and accepted the customer’s continental card. prepare journal entries to record the above selected credit card transactions of levine company.

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