All sales are on account. Collections are expected as follows: 55% of sales are fexp ented to be follected in the month of the sale, 40% in the month following the sale, and the remainder in the second month following the sale. Prepare a schedule indicating cash collections from sales for January, February, and March. Schedule of cash collections of accounts receivable Pampered Pal Inc., a pet supplies distributor, was organized on January 1. Projected sales for fiach of the first three months of aperations are as follows: All sales are on account. Collections are expected as follows: 55% of sales are expected to for collected in the month of the sale, 40% in the month following the sale, and the remainder in the second month following the sale