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During the year, the following sales transactions occur. There is a charge of 3% on...

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Accounting

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.

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