1 points eBook Print References Brief Exercise 4-5 (Algo) Determine cash sales (LO4-4) 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 = $480,000 2. Total check sales = $330,000 3. Total credit card sales = $580,000 4. Total debit card sales = $180,000 Calculate the amount recorded as cash receipts from these transactions. Total cash sales Total check sales Total credit card sales Total debit card sales Total cash receipts $ $ 480,000 330,000 810,000

Brief Exercise 4-5 (Algo) Determine cash sales (LO4-4) 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 =$480,000 2. Total check sales =$330,000 3. Total credit card sales =$580,000 4. Total debit card sales =$180,000 Calculate the amount recorded as cash receipts from these transactions: Brief Exercise 4-5 (Algo) Determine cash sales (LO4-4) 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 =$480,000 2. Total check sales =$330,000 3. Total credit card sales =$580,000 4. Total debit card sales =$180,000 Calculate the amount recorded as cash receipts from these transactions