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dont Panic dont Panic
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5 years ago
June sales were $22,000, while projected sales for July and August were $45,000 and $63,000, respectively. Sales are 60% cash and 40% credit. All credit sales are collected in the month following the sale. Calculate expected collections for July.
A) $31,200
B) $35,800
C) $8,800
D) $27,000
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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MarcthesharkMarctheshark
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#1
Posts: 141
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5 years ago
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