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June sales were $28,000, while projected sales for July and August were $55,000 and $68,000, respectively. Sales are 60% cash

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Answer #1

D. $ 44,200

June July August
Sales $       28,000 $ 55,000 $ 68,000
Cash Sales $       16,800 $ 33,000 $ 40,800
Credit Sales $      11,200 $ 22,000 $ 27,200
Collection of credit sales $ 11,200 $ 22,000
Total collection $ 44,200 $ 62,800
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