Sales are 40 cashand 60 credit all credit sales are


June sales were $40,000 while projected sales for July andAugust were $50,000 and $60,000 respectively. Sales are 40% cashand 60% credit. All credit sales are collected in the monthfollowing the sale. What are the expected collections for July?

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Accounting Basics: Sales are 40 cashand 60 credit all credit sales are
Reference No:- TGS0598338

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