Schedule of Cash Collections of Accounts Recewable Furry Friends Supplies Inc, a pet wholesale supplies, mas organised on May 1, Projected sales for each of the fiest three months of operations ate as follows: May $290,000 June 320,000 July 450,000 All sales we on account. Sa percent of sales are expected to be collected in the month of the sale, 30% 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 May June, and so Furry Friends Supplies Inc Schedule of Collections from Sales For the Three Months Ending May 21 May July May sales on account Collected in May 171.100 Collected in June TBD x Collected in June sale account Colected the 000 X Collected in 271000 x Joly sales occount Collected in July