Schedule of Cash Collections of Accounts Receivable

Schedule of Cash Collections of Accounts Receivable Pet Supplies inc, in pet wholesale supplier, was organited on January 1 . Projected sales for eact of the first three months of operations art as follows: All sales are on account. 58% of sales are expected to be colledted in the month of the sale, 3.6% in the monthifollowing the sale, and the remainder in the second month folawing the salt. Prepare a schedtule indicating cash collections from sales for lanuary, Februsry, and March