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Schedule of Cash Coliections of Accounts Receivable Pet Supplies inc, a pet wholesale supplier, was organized on January 1. Projected sales for each of the

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Schedule of Cash Coliections of Accounts Receivable Pet Supplies inc, a pet wholesale supplier, was organized on January 1. Projected sales for each of the first three months of operations are as follows: All sales are on account, Seventy-five percent of sales are expected to be collected in the month of the sale, 20% in the month following the sale, and the remainder in the second month following the sale. Prepare a schedule indicating cash coltections from sales for January, February, and March. Enter all amounts as positive numbers

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