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 = $360,000 2. Total check sales $210,000 3. Total credit card sales - $460,000 4 Total debit card sales = $230,000 Calculate the amount recorded as cash receipts from these transactions Totalcash sales Total check sales Total credit card sales Total debit cards 80. 5 7 8 E R T T Y U D c. McGregor Company allows customers to pay with credit cards. The credit card company charges McGregor 3% of the sale. When a customer uses a credit card to pay McGregor $1,400 for services provided, McGregor would: Multiple Choice Credit service revenue for $1358 Debit service the expense for $42 Debit Cash for $1400 Credit service revenue for $1442