Answer:
$1,243,900
Explanation:
Given that,
Total cash sales = $360,000
Total check sales = $210,000
Total credit card sales = $460,000
Total debit card sales = $230,000
Cash receipts from these transactions:
= Total cash sales + Total check sales + Total credit card sales + Total debit card sales
= $360,000 + $210,000 + ($460,000 × 97%) + ($230,000 × 99%)
= $360,000 + $210,000 + $446,200 + $227,700
= $1,243,900