The budget director of Heather's Florist has prepared the following sales budget. The company had $$50,000$ 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.

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.

$\backslash$table$[[,$July,August,September,$],[$Sales Budget,,,,$],[$Cash sales,$$40,000,$$$42,500,$$$45,000,],[$Sales on account,$45,000,54,000,64,800,],[$Total budgeted sales,$$95,000,$$$96,500,$$$109,800,],[$Schedule of Cash Receipts,,,,$],[$Current cash sales,,,,$],[$Plus: Collections from accounts receivable,,,,$],[$Total budgeted collections,$$90,000,$$$87,500,$$$99,000,]]$