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The budget director of Heather's Florist has prepared the following sales budget. The company had $ 1 2 0 , 6 0 0 in accounts
The budget director of Heather's Florist has prepared the following sales budget. The company had $ in accounts recelvable
on July Heather's Florist normally collects percent of accounts recelvable in the month following the month of sale.
Required
a Complete the schedule of cash recelpts by filling in the missing amounts.
b Determine the amount of accounts recelvable the company will report on its third quarter pro forma balance sheet.
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Required B
Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet.
Accounts receivable
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