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In: AccountingLevine Company uses the perpetual inventory system and allowscustomers to use two credit cards in...Levine Company uses the perpetual inventory system and allowscustomers to use two credit cards in charging purchases. With theSuntrust Bank Card, a 4% service charge for credit card sales isassessed. The second credit card that Levine accepts is theContinental Card. Continental assesses a 2.5% charge on sales forusing its card.Apr.8Sold merchandise for $8,400 (that had cost $6,000) and acceptedthe customer’s Suntrust Bank Card.12Sold merchandise for $5,600 (that had cost $3,500) and acceptedthe customer’s Continental Card.Prepare journal entries to record the above selected credit cardtransactions of Levine Company