Exercise 14 - 3A (Algo) Preparing a schedule of cash receipts LO 14-2

The budget director of Heather's Florist has prepared the following sales budget. The company had 5320, 000 in accounts receivable on July Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale

Exercise 14-3A (Algo) Preparing a schedule of cash receipts LO 14-2 The budget director of Heather's Florist has prepared the following sales budget. The company had $320,000 in accounts receivable on July 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. July August September $ 64.000 $ 85.000 84,000 88,000 103,000 122,600 $152.000 5 188.000 $ 205,600 Sales Sudget Cash sales Sales on account Total budgeted sales Schedule of Cash Receipts Current cash sales Plus Conections from accounts receivable Total budgeted collections $ 354 000 $ 173.000 $ 187.000