Business, 18.07.2020 17:01 2019jbash

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 $4,900 (that had cost $3,621) and accepted the customer's Suntrust Bank Card.
12 Sold merchandise for $4,800 (that had cost $3,110) 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...