The budget director of Natalias Florist has prepared the following sales budget The company had $100,000 in accounts receivable on July 1 Natalias 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 July August September Sales Budget Cash sales $ 80,000 $ 85,000 $ 90,000 Sales on account $ 90,000 $ 108,000 $ 129,600 Total budgeted sales $ 170,000 $ 193,000 $ 219,600 Schedule of Cash Receipts Current cash sales Plus Collections for accounts receivables Total budgeted collections $ 180,000 $ 175,000 $ 198,000 b Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet Accounts receivable Please show detailed calculations on how to solve this problem so all who look at this can see how to arrive the individual working this problem arrived at the solutions I have looked at several versions of this question shown in the textbook solutions, but none of them show how the answer was obtained Was the answer multiplied Was it divided Was it added or subtracted This would be useful information to have in solving the problem Thank you

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The budget director of Natalias Florist has prepared the following sales budget. The company had $100,000 in accounts receivable on July 1. Natalias Florist normally

The budget director of Natalias Florist has prepared the following sales budget. The company had $100,000 in accounts receivable on July 1. Natalias Florist normally collects 100 percent of accounts receivable in the month following the month of sale.

Required:

Complete the schedule of cash receipts by filling in the missing amounts.

	July	August	September
Sales Budget
Cash sales	$ 80,000	$ 85,000	$ 90,000
Sales on account	$ 90,000	$ 108,000	$ 129,600
Total budgeted sales	$ 170,000	$ 193,000	$ 219,600
Schedule of Cash Receipts
Current cash sales
Plus: Collections for accounts receivables
Total budgeted collections	$ 180,000	$ 175,000	$ 198,000

b.	Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet.

Accounts receivable

Please show detailed calculations on how to solve this problem so all who look at this can see how to arrive the individual working this problem arrived at the solutions. I have looked at several versions of this question shown in the textbook solutions, but none of them show how the answer was obtained. Was the answer multiplied? Was it divided? Was it added or subtracted? This would be useful information to have in solving the problem. Thank you.