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Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Accounts receivable Required A Required B
Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Accounts receivable Required A Required B Complete the schedule of cash receipts by filling in the missing amounts. Sales Budget July August September Cash sales Sales on account Total budgeted sales Schedule of Cash Receipts Current cash sales Plus: Collections from accounts receivable Total budgeted collections $ 78,000 $ 76,000 $ 71,000 94,000 110,000 121,600 $ 172,000 $ 186,000 $ 192,600 $ 199,600 $ 170,000 $ 181,000
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