The amount that was paid before the cash sales was lodged is $18,000

$8,000 is paid for personal expenses, $10,000 paid for legal fees. The cash sales figure lodged was $4,465,190.

Credit card receivable on June 30, 2011 opening balance is $1,470. On June 30, 2012 $2,744.

The owner also accepts credit card payments from customers for the sale of goods.

Credit card company charges a commission of 2% & remit the net amount to the business.

When we look on the bank statement on the credit side $122,010.

Prepare the credit card receivable a/c and find the credit sales.