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June sales were $5,000 while projected sales for July and August were $8,400 and $3,000, respectively. All credit sales are collected in the month following

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June sales were $5,000 while projected sales for July and August were $8,400 and $3,000, 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 for July? O A. $6,600 OB. $5,850 O C. $4,350 OD. $7,550

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