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Schedule of cash collections of accounts receivable Pampered Pal Inc., a pet supplies distributor, was organized on January 1. Projected sales for each of the first three months of operations are as follows: January $230,000 February 330,000 March 460,000 All sales are on account. Collections are expected as follows: 53% of sales are expected to be collected in the month of the sale, 43% 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. Pampered Pal Inc. Schedule of Cash Collections from Sales For the Three Months Ending March 31 January February Line Item Description January sales on account: Collected in January Collected in February Collected in March February sales on account: Collected in February Collected in March March sales on account: Collected in March Total cash collected March 0 000 0

Schedule of cash collections of accounts recelvable Pampered Pal thc, a pet supplies distnbutor, was organized on January 1. Projected sales for eoch of the first three months of operations are as follows: All sales are on account. Collections are expected as follows: 53% of sales are expected to be collected in the month of the sale, 43% in the month foliowing the sale, and th remuinder in the second month following the sale. Prepare a schedule indicating eash collections from sales for January, February, and March

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