June sales were $28,000, while projected sales for July and August were $55,000 and $68,000,...
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Accounting
June sales were $28,000, while projected sales for July and August were $55,000 and $68,000, respectively. Sales are 60% cash and 40% credit. All credit sales are collected in the month following the sale. Calculate expected collections for July. O A. $11,200 OB. $38,800 OC. $33,000 O D. $44,200
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