June sales were RM5,000 while projected sales for July and August were RM6,500 and RM7,000,...
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Accounting
June sales were RM5,000 while projected sales for July and August were RM6,500 and RM7,000, respectively. Sales are 30% cash and 70% credit. All credit sales are collected in the month following the sale. What are the expected collections for July? A. RM6,050 B. RM7,550 C. RM5,450 D RMG 950
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