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Lopez Company has a collection schedule of 60% during the month of sales, 15% the following month, and 15% subsequently

Finance

Lopez Company has a collection schedule of 60% during the month of sales, 15% the following month, and 15% subsequently. The total credit sales in the current month of September were Php 80,000.00 and total collections in September were Php 57,000. What were the credit sales in July?

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