June sales were $30,000,while projected sales for July and August were $52,000 and $74,000,respectively.Sales are 60% cash and 40% credit.All credit sales are collected in the month following the sale.Calculate expected collections for July.

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The Answer of June sales were $30,000,while projected sales for July and August were $52,000 and $74,000,respectively.Sales are 60% cash and 40% credit.All credit sales are collected in the month following the sale.Calculate expected collections for July.

June Sales Were $30,000,while Projected Sales for July and August