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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
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.
- Total cash sales = $300,000
Total check sales = $150,000
Total credit card sales = $400,000
Total debit card sales = $290,000
Calculate the amount recorded as cash receipts from these transactions.
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