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June sales were $10,000 while projected sales for July and August were $6,500 and $5,000, respectively. Sales are 25% cash and 75% credit. All credit

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June sales were $10,000 while projected sales for July and August were $6,500 and $5,000, respectively. Sales are 25% cash and 75% credit. All credit sales are collected in the month following the sale. What are the total expected collections for July? O A. $10,375 O B. $7,375 OC. $5,375 OD. $9,125

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