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The budget director of Natalia's Florist has prepared the following sales budget. The company had $330,000 in accounts receivable on July 1. Natalia's Florist normally

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The budget director of Natalia's Florist has prepared the following sales budget. The company had $330,000 in accounts receivable on July 1. Natalia's 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 Sales on account Total budgeted sales Schedule of Cash Receipts $ 70,000 $ 81,000 $ 75,000 99,000 104,000 127,600 $ 169,000 $ 185,000 $ 202,600 $ 75,000 Current cash sales Plus: Collections from accounts receivable Total budgeted collections $ 70,000 $ 81,000 330,000 $ 400,000 $ 180,000 $ 179,000 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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