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Please help with both parts (a&b) Exercise 7.3A (Algo) Preparing a schedule of cash receipts LO 7.2 The budget director of Heather's Florist has prepared
Please help with both parts (a&b)
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 5122,600 in accounts receivable on July 1. Heather's Forit normally collects 100 percent of accounts receivabie in the month following the month of sale. Required a. Complete the schedule of cath receipts by tiling in the missing amounts b. Determine the amount of accounti receivable the company will repont on its third quarter pro forma balance theet. Complete this question by entering your answers in the tabs below. Complote the tidneade of cash receipts by filling in the trising amounts. 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 $122,600 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 o. Complete the schedule of cash receipts by filling in the missing amounts. b. Determine the amount of accounts receivable the compony will repont on its third quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet Step by Step Solution
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