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The budget director of Heather's Florist has prepared the following sales budget. The company had $ 1 3 0 , 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.
Complete this question by entering your answers in the tabs below.
Complete the schedule of cash receipts by filling in the missing amounts.
tableSales Budget,July,August,SeptemberCash sales,$$$Sales on account,,Total budgeted sales,$$$Schodule of Cash Receipts,,,,,,Current cash sales,,,,,,Plus: Collections from accounts receivable,,,,,,Total budgeted collections $$$
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