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Aly Dog Food, Inc. $($ADFI$)$ is a wholesaler of dog food. ADFI's only business is purchasing bags of dog food from a major pet manufacturer and reselling the bags of dog food to small pet shops on account.

Schedule of Expected Cash Collections

ADFI sells all of its dog food to pet shops on account. ADFI expects to collect the cash from the pet shops according to the following schedule:

$20\%$ cash collected during the month of sale

$70\%$ cash collected in the first month following the sale,

The remaining $10\%$ cash collected in the second month following the sale.

Requirement $2$: Create a Schedule of Expected Cash Collections for the quarter ended September $30.$ Watch Tip Video