Schedule of Cash Collections of Accounts Receivable Furry Friends Supplies inca pet wholesale suple, was organized on May 1. Propected sales for each of the first three months of operations are as follows $190,000 230,000 June July 300,000 All sales are on account. A percent of sales are expected to be collected in the month of the sales 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. lum, and uly Furry Friends Supplies Inc. Schle of Collections from Sales For the Three Months Ending May 31 May July May les on account Collected in May Collected in June Collected in Jury sales on Calin Collected y escort Coletely 100 Tot collected 10