ir says schedule of cash collections of accounts receivable

Pet Place supplies Inc., a pet Wholesale supplier, was organized on May 1. Projected sales for each of the first three m are as follows: May $210,000 June 270,000 410,000 July All sales are on account. Of sales on account, 50% are expected to be collected in the month of the sale, 45% in the mo sale, and the remainder in the second month following the sale. Prepare a schedule indicating cash collections from sales for May, June, and July Pet Place Supplies Inc. Schedule of Cash Collections from Sales For the Three Months Ending July 31 May June July May sales on account: Collected in May Collected in June Collected in July June sales on account: Collected in June O a Collected in July July sales on account: Collected in July Total cash collected