Jent Company reported the following information for 2013:
$\bullet$ All sales are on credit.
$\bullet$Customer amounts on account are collected 40% in the month of sale and 60% in the following month.
Instructions
Compute the amount of cash Jent will receive during November.

Question

Jent Company reported the following information for 2013:  
$\bullet$ All sales are on credit.
$\bullet$Customer amounts on account are collected 40% in the month of sale and 60% in the following month.
Instructions
Compute the amount of cash Jent will receive during November.

Quizplus · Accepted Answer

The Answer of Jent Company reported the following information for 2013:  
$\bullet$ All sales are on credit.
$\bullet$Customer amounts on account are collected 40% in the month of sale and 60% in the following month.
Instructions
Compute the amount of cash Jent will receive during November.

Jent Company Reported the Following Information for 2013 ∙\bullet∙ All Sales Are on Credit

Jent Company Reported the Following Information for 2013 $\bullet$ All Sales Are on Credit