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2 The budget director of Heather's Florist has prepared the following sales budget. The company had $340,000 in accounts receivable on July 1. Heather's Florist
2 The budget director of Heather's Florist has prepared the following sales budget. The company had $340,000 in accounts receivable on July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale. Required 2.5 points a. Complete the schedule of cash receipts by filling in the missing amounts. b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. eBook Complete this question by entering your answers in the tabs below. Hint Required A Required B Print Complete the schedule of cash receipts by filling in the missing amounts. July August September References Sales Budget Cash sales $ 83,000 $ 87,000 Sales on account $ 74,000 87,000 $ 161,000 108,000 131,600 $ 218,600 $ 191,000 Total budgeted sales Schedule of Cash Receipts Current cash sales Plus: Collections from accounts receivable Total budgeted collections $ 414,000 $ 170,000 $ 195,000 Required A Required B > 2 The budget director of Heather's Florist has prepared the following sales budget. The company had $340,000 in accounts receivable on July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale. Required 2.5 points a. Complete the schedule of cash receipts by filling in the missing amounts. b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. eBook Complete this question by entering your answers in the tabs below. 001 Hint Required A Required B Print Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Accounts receivable References
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