Schedule of Cash Collections of Accounts Receivable Pet Place Supplies Inc., a pet wholesale supplier, was...

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Schedule of Cash Collections of Accounts Receivable Pet Place Supplies Inc., a pet wholesale supplier, was organized on May 1

business accounting

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PET PLACE SUPPLIES INC.
Schedule of Cash Collections from sales
For the Three months ending July 31
Particulars	May	June	July
	$	$	$

Cash Collection
May sales on account:-
Collected in May	310000*52%= 161200
Collected in June		310000*44%= 136400
Collected in July			310000*4%= 12400

June sales on account:-
Collected in June		450000*52%= 234000
Collected in July			450000*44%= 198000

July sales on account:-
Collected in July			590000*52%= 306800

Total cash collections $	161200	370400	517200

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