Schedule of Cash Collections of Accounts Arecelvable Furry Friends Supplies Ine, o pet wholesale supplie, was erganited on May 1. Projected sales for eich of the first three months of operations are as follows: All sales ace on account. S4 percent of sales are expected to be collected in the month of the sale, 35% in the month fellowing the sale, and the remainder in the second menth following the sale. Prepare a schedule indicatiog cash collections from sales for May, June, and July