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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

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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 =$310,000 2. Total check sales =$160,000 3. Total credit card sales =$410,000 4. Total debit card sales =$280,000 Calculate the amount recorded as cash receipts from these transactions

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