Please do not give solution in image format thanku Jent Company reported the following information for 2019:November$340.000$128,000●●Budgeted salesBudgeted purchasesOctober$320,000$120,000December$360,000$144,000All sales are on credit.Customer amounts on account are collected 40% in the month of sale and 60% in thefollowing month.InstructionsCompute the amount of cash Jent will receive during November.

As 40% of credit sales is collected in the month of sale and remaining of 60% is collected in the…

Jent Company reported the following information for 2019: November $340.000 $128,000 Budgeted sales Budgeted purchases ● October $320,000 $120,000 All sales are on credit. ● Customer amounts on account are collected 40% in the month of sale and 60% in the following month. December $360,000 $144,000 Instructions Compute the amount of cash lent will receive during November