Schedule of Cash Collections of Accounts Receivable Bark \&. Purr Supplies Ioc., a pet whelesale supplier, was organized on May 1. Projected sales for each of the first three months of ogerations are as follows: All sales are on account. 51 percent of sales ace expected to be collected in the month of the sale, 37% in the month following the sale, and the remainder in the second month following the sale Prepare a schedule indicating cash collections fram sales for Moy, June, and July. Schedule of Cash Collections of Accounts Receivable Bark b Purr Supplies Ine, a pet wholesale supplier was organized on May 1 . Projected sales for each of the first three months of operations are as follows: Ail sales are on account. 51 percent af sales are expected to be collected in the month of the sale, 37 wh 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