Schedule of Cash Collections of Accounts Recelvable Fur family Incy a pet wholesale supplier, was organized on May i. Projected sales for each of the first three months of operations are as followsi Al sales are on account. Of sales on account, 53 * ore expected to be collected in the month of the sale, 43% in the first month following the sale, and the remainder in the second month foliowing the sale. Prepare a schedule indicating cash collections from sales for Mayi June, and luly