Schedule of Accounts Receivable Collections. Cook Company sells 70 percent of its merchandise os credit. Accounts are normally collected in the following pattern: 65 percent in the month following sale; 30 percent in the second month following sale; and 5 percent uncollectible. Total sales for November were $90,000, for December $100,000. Budgeted sales for the next quarter are January, $120,000; February, $110,000, March, $180,000. Prepare a schedule showing expected collection of accounts receivable for each month and for the first quarter.