EX 23-18 Pet Joy Wholesale Inc., a pet wholesale supplier, was organized on May 1, 2010. Projected sales for each of the first three months of operations are as follows: May $360,000 June 450,000 July 600,000 The company expects to sell 10% of its merchandise for cash. Of sales on account, 50% are expected to be collected in the month of the sale, 35% 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.23-18_1CANe_s - Protected... . Saved to this PC Page Layout Formulas Data Review View Automate Help careful-files from the Internet can contain viruses, Unless you need to edit, it's safer to stay in Protected View. Enable fx B C DE F G H Name Section mount in the shaded cells below. ppear to the right of an incorrect amount in the outlined cells PETJOY WHOLESALE INC. Schedule of Collections from Sales For the Three Months Ending July 31, 2010 May June July Receipts from cash sales: Total cash receipts May sales on account: Collected in May Collected in June Collected in July June sales on account: Collected in June Collected in July July sales on account: Collected in July Cash balance at end of month 23-18 + Search 16 @ % 5 8 W E R T Y U