Brief Exercise 4-5 Determine cash sales (L04-4) 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 = $410,000 2. Total check sales = $260,000 3. Total credit card sales = $510,000 4. Total debit card sales = $110,000 Calculate the amount recorded as cash receipts from these transactions. Total cash sales Total check sales Total credit card sales Total debit card sales Total cash receipts 0