Brief Exercise 4-5 (Algo) Determine cash sales (LO4-4) During the year, the following sales transactions occur. There is a charge of 3% on all credit card transactions and a 1% charge on all debit card transactions. 1. Total cash sales = $490,000 2. Total check sales = $340,000 3. Total credit card sales = $590,000 4. Total debit card sales = $190,000 Calculate the amount recorded as cash receipts from these transactions. Total cash sales $ 490,000 Total check sales 340,000 Total credit card sales 584,100) Total debit card sales Total cash receipts $ 1,414,100