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20 points 1 eBook Hint References The budget director of Heather's Florist has prepared the following sales budget. The company had $290,000 in accounts receivable
20 points 1 eBook Hint References The budget director of Heather's Florist has prepared the following sales budget. The company had $290,000 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 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. Complete this question by entering your answers in the tabs below. Required A Required B Complete the schedule of cash receipts by filling in the missing amounts. Sales Budget Cash sales Sales on account Total budgeted sales July August September $ 68,000 $ 71,000 $ 75,000 84,000 113,000 130,600 $ 152,000 $ 184,000 $ 205,600 Schedule of Cash Receipts Current cash sales $ Plus: Collections from accounts receivable. Total budgeted collections 68,000 $ 71,000 $ 75,000 290,000 $ 358,000 $ 155,000 $ 188,000 oints eBook The budget director of Heather's Florist has prepared the following sales budget. The company had $290,000 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 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. Hint References Complete this question by entering your answers in the tabs below. Required A Required B Determine the amount of accounts receivable the company will report on its third quarter pro forma balar Accounts receivable
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