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What are the june cash collections for johnston co

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Question - Johnston Co. collects cash from customers who paid on credit according to the following schedule: 25% is collected in the month of sale, 70% is collect in the month following the sale, 4% is collected in the second month following the sale, and 1% is deemed uncollectable. Sales for Q2 are $100,000 in April, $120,000 in May, and $110,000 in June. What are the June cash collections for Johnston Co.?

Reference no: EM133067612

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