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The budget director of Heather's Florist has prepared the following sales budget. The company had $ 1 3 4 , 6 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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Required A
Required B
Complete the schedule of cash receipts by filling in the missing amounts.
tableJuly,August,SeptemberSales BudgetCash sales,$$$Sales on account,,Total budgeted sales,$$$Schedule of Cash ReceiptsCurrent cash salesPlus: Collections from accounts receivableThtal hulneted rollertions,$$$
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