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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.

  1. 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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