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Brief Exercise 4-5 Determine cash sales (LO4-4) During the year, the following sales transactions occur. There is a charge of 3% on all credit card
Brief Exercise 4-5 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 = $350,000 2. Total check sales = $200,000 3. Total credit card sales = $450,000 4. Total debit card sales = $240,000 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 References eBook&Resources Worksheet Difficulty: 1 Easy Brief Exercise 4-5 Determine cash sales (LO4-4) Learning Objective: 04-04 Understand controls over cash receints a
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