Furry Friends 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. $60$ percent of sales are expected to be collected in the month of the sale, $30\%$ 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.

Furry Friends Supplies Inc.

Schedule of Collections from Sales

For the Three Months Ending May $31$