Exercise 7-3A (Algo) Preparing a schedule of cash receipts LO 7-2 The budget director of Heather's Florist has prepared the following sales budget. The company had $330,000 in accounts receiv 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 Required A Required B Complete the schedule of cash receipts by filling in the missing amounts. July August September Sales Budget Cash sales $ 69,000 $ 75,000 $ 84,000 Sales on account 99,000 103,000 131,600 Total budgeted sales $ 168,000 $ 178,000 $ 215,600 Schedule of Cash Receipts Current cash sales Plus: Collections from accounts receivable Total budgeted collections $ 399,000 $174,000 $ 187,000