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 $7,400 (that had cost $5,469) and accepted the customer's Suntrust Bank Card. 12 Sold merchandise for $7,800 (that had cost $5,054) 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.)
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Levine Company uses the perpetual inventory system and allows customers to use two credit cards in c...
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