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June sales were $5,000 while projected sales for July and August were $6,500 and $7,000, respectively. Sales are 30% cash and 70% credit. All credit

June sales were $5,000 while projected sales for July and August were $6,500 and $7,000, respectively. Sales are 30% cash and 70% credit. All credit sales are collected in the month following the sale. What are the expected collections for July?

A. $6,050 B. $5,450 C. $6,850 D. $7,550

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