Question: #40. Please submit answer in format provided. Jent Company reported the following information for 2016: All sales are on credit. Customer amounts on account are

#40. Please submit answer in format provided.

#40. Please submit answer in format provided. Jent Company reported the following

Jent Company reported the following information for 2016: All sales are on credit. Customer amounts on account are collected 40% in the month of sale and 60% in the following month

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