Schedule of Cash Collections of Accounts Receivable petloy wholesale Inc, a pet wholesale supplier, was organized on March 1, 2014. Projected sales for each of the first three months of operations are as follows: March $270,000 400,000 570,000 May The company expects to sell 11% of its merchandise for cash. Of sales on account, sago are expected to be collected in the month of the sale month following the sale. , 37% in the month following the sale and the remainder n the second