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The budget director of Heather's Florist has prepared the following sales budget. The company had $ 2 1 0 , 0 0 0 in accounts
The budget director of Heather's Florist has prepared the following sales budget. The company had $ in
accounts receivable on July Heather's Florist normally collects 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.
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Complete the schedule of cash receipts by filling in the missing amounts.
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