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June sales were $7,000 while projected sales for July and August were $6,800 and $3,000, respectively. Sales are 25% cash and 75% credit. All credit

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June sales were $7,000 while projected sales for July and August were $6,800 and $3,000, respectively. Sales are 25% cash and 75% credit. All credit sales are collected in the month following the sain. What are the total expected colections for July? A. $6.950 B. $7,700 C. $6,850 D. $3,950

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