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Bark & Purr Supplies Inc., a pet wholesale supplier, was organized on May 1 . Projected sales for each of the first three months of

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Bark & Purr Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows:
All sales are on account. 57 percent of sales are expected to be collected in the month of the sale, 32% 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 May, June, and July.
Bark & Purr Supplies Inc.
Schedule of Collections from Sales
For the Three Months Ending July 31
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