Chapter 7, question 2

Complete the schedule of cash receipts by filling in the missing amounts. The budget director of Heather's Florist has prepared the following sales budget. The company had $136,600 In accounts recelvable on July 1 . Heather's Florist normally collects 100 percent of accounts recelvable in the month following the month of sale. Required a. Complete the schedule of cash recelpts by filling In the missing amounts. b. Determine the amount of accounts recelvable the company will report on its third quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet