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Schedule of Cash Collections of Accounts Receivable Pet Supplies Inc., a pet wholesale supplier, was organized on January 1 . Projected sales for each of

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:
All sales are on account. 60% of sales 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 January, February, and March.
Pet Supplies Inc.
Schedule of Cash Collections from Sales
For the Three Months Ending March 31
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