Schedule of Cash Collections of Accounts Receivable

Furry Friends Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows:

May $150,000

June 220,000

July 330,000

All sales are on account. 59 percent of sales are expected to be collected in the month of the sale, 31% 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.

ek Show Me How Calculator Schedule of Cash Collections of Accounts Receivable Furry Friends Supplies Inc., a pet wholesale supplier, was organised $150,000 220,000 330,000 Asales en account. 39 percent s e l ected in the month in the then he r e onth flow ng these Prepare a schedule Indicating cash collections from sales for May June, and July Furry Friends Supplies Inc Schedule of Collections from Sales for the the Month Ending May 31 ne sales on con Cected in June Collected on July y sono Collected in sy Check My Work or Chaky Work ses remaining Previous Next >