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Question(s) / Instruction(s):

Spencer Company expects cash sales for July of $12,000, and a 10% monthly increase during August and September. Credit sales of $4,000 in July should be followed by 25% increases during August and September. What are budgeted cash sales and budgeted credit sales for September, respectively?

A             $13,200 and $6,000

B             $14,520 and $6,250

C             $14,520 and $6,000

D             $14,400 and $6,250

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