Acct301 week2

2 The budget director of Heather's Florist has prepared the following sales budget. The company had $280,000 In accounts receivable on July 1. Heather's Florist normally collects 100 percent of accounts receivable In the month following the month of sale. 5 Required points a. Complete the schedule of cash receipts by filling In the missing amounts. Skipped 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. eBook Hint Required A Required B Complete the schedule of cash receipts by filling in the missing amounts. Ask July August September Sales Budget Cash sales 64.000 $ 83,000 77.000 Print Sales on account 92,000 105.000 128,600 Total budgeted sales $ 156,000 $ 188,000 $ 205,600 References Schedule of Cash Receipts Current cash sales Plus: Collections from accounts receivable Total budgeted collections $ 344,000 $ 175,000 $ 182,000