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June sales were $5391 while projected sales for July and August were $6377 and $7894, respectively. Sales are 30% cash and 70% credit. All credit
June sales were $5391 while projected sales for July and August were $6377 and $7894, 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?
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