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June sales were $2,000 while projected sales for July and August were $8,600 and $8,000, respectively. All credit sales are collected in the month following

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June sales were $2,000 while projected sales for July and August were $8,600 and $8,000, respectively. All credit sales are collected in the month following the sale. Sales are 60% credit and 40% cash. What are the total expected collections for July? A. $8,240 B. $7,840 C. $4,640 D. $5,960

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