A company had the following sales transactions: 1. Total debit card sales = $270,000. 2. Total credit card sales = $490,000. 3. Total cash sales = $830,000. 4. Total check sales = $150,000. There is a charge of 4% on all credit card transactions. Calculate total sales revenue recorded for the year.

A company had the following sales transactions: 1. Total debit card sales = $270,000. 2. Total credit card sales = $490,000. 3. Total cash sales = $830,000. 4. Total check sales = $150,000. There is a charge of 4% on all credit card transactions. Calculate total sales revenue recorded for the year.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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TB EX Qu. 4-171 A company had the following sales...
A company had the following sales transactions:
1. Total debit card sales = $270.000.
2. Total credit card sales = $490,000.
3. Total cash sales = $830,000.
4. Total check sales = $150,000.
There is a charge of 4% on all credit card transactions. Calculate total sales revenue recorded for the year.

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