Question: Brief Exercise 4 - 5 ( Static ) Determine cash sales ( LO 4 - 4 ) During the year, the following sales transactions occur.

Brief Exercise 4-5(Static) 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.
Total cash sales =$500,000
Total check sales =$350,000
Total credit card sales =$600,000
Total debit card sales =$200,000
Calculate the amount recorded as cash receipts from these transactions.
\table[[Total cash sales,],[Total check sales,],[Total credit card sales,],[Total debit card sales,$
Brief Exercise 4 - 5 ( Static ) Determine cash

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