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21-02-2024
Business

Answered

Levine Company uses the perpetual inventory system.

April 8 Sold merchandise for $6,200 (that had cost $4,582) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee.
April 12 Sold merchandise for $7,400 (that had cost $4,795) and accepted the customer's Continental Card. Continental charges a 2.5% fee.
Prepare journal entries to record the above credit card transactions of Levine Company.

Note: Round your answers to the nearest whole dollar amount.

Levine Company uses the perpetual inventory system April 8 Sold merchandise for 6200 that had cost 4582 and accepted the customers Suntrust Bank Card Suntrust c class=

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