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Exercise 7-3A 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
Exercise 7-3A 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 $290,000 in accounts receivable on July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale. Required . Complete the schedule of cash receipts by filling in the missing amounts. . Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet
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