Managerial Accounting

2 05 points The budget director of Heather's Florist has prepared the following sales budget. The company had $270,000 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 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. 8 Complete this question by entering your answers in the tabs below. Book Required A Required Complete the schedule of cash receipts by filling in the missing amounts Pem July August September References Sales Budget Cash sales Sales on account Total budgeted sales Schedule of Cash Receipts Current cash sales Plus: Conections from accounts receivable Total budgeted collections $ 79,000 $ 74,000 $ 86,000 100,000 101.000 128,600 $ 179.000 $175,000 $ 214,600 $ 349,000 $ 174,000 $ 187.000 Red Required > 2 0.5 points The budget director of Heather's Florist has prepared the following sales budget. The company had $270,000 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 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 350 Complete this question by entering your answers in the tabs below. Book Required A Regules Hint Determine the amount of accounts receivable the company wil report on its third quarter pro forma balance sheet. Print Accounts receivable