Schedule of Cash Collections of Accounts Receivable Pet Supplies Inc., a pet wholesale supplier, was organized on January 1. Projected sales for each of the first three months of operations are as follows: January $250,000 February 370,000 March 530,000 Al sales are on account. 59% of sales are 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 from sales for January, February, and March Pet Supplies Inc Schedule of Cash Collections from Sales For the Three Months Ending March 31 January February March January sales on account: Collected in January 147,500 Collected in February 136.900 Collected in March February sales on account: Collected in February Collected in March March sales on account: Collected in March Submit Test for Grading All work saved January $250,000 February 370,000 March 530,000 All sales are on account. 59% of sales are expected to be collected in the month of the sales in the month following the sale, and the made in the second mont Following the sale Prepare a schedule indicating cast collections from sales for January February, and March Pet Supplies Inc Schedule of Cash Collections from Sales For the Three Months Ending March 31 January February March January sales on account: Collected in January 147.500 Collected in February 144.900 Collected in March February sales on account: Collected in February Collected in March March sales on account: Collected in March Total cash collected Next > Submit Test for Grading All work saved