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June sales were 6000 while projected sales for july and

Question - June sales were $6,000 while projected sales for July and August were $8,500 and $7,000, 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?

A) $7,375

B) $8,375

C) $6,625

D) $7,875

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Accounting Basics: June sales were 6000 while projected sales for july and

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Accounting Basics: June sales were 6000 while projected sales for july and

Reference No:- TGS02405407

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