Schedule of Cash Collections of Accounts Receivable Pet Place Supplies in a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows May $220,000 June 260,000 July 390,000 All sales are on account of sales on account, 60 are expected to be collected in the month of the sale, 36% 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 Pet Place Supplies Inc. Schedule of Cash Collections from Sales For the Three Months Ending July 31 May July May sales on account: Conected in May Collected in June Collected in July Juhe sales on account Collected in June Collected in Julysses on Out Collected in July LOI 0 D Totalca obiected