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June sales were $5,000 while projected sales for July and August were $8,400 and $2,000 , respectively. All credit sales are collected in the month
June sales were $5,000 while projected sales for July and August were $8,400 and $2,000, respectively. All credit sales are collected in the month following the sale. Sales are 75% credit and 25% cash. What are the total expected collections forJuly?
A.
$6,350
B.
$7,550
C.
$3,600
D.
$ 5,850
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