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Exercise 7-3A (Algo) Preparing a schedule of cash receipts LO 7-2 The budget...

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Accounting

Exercise 7-3A (Algo) Preparing a schedule of cash receipts LO 7-2
The budget director of Heather's Florist has prepared the following sales budget. The company had $135,600 in
accounts receivable on July 1. Heather'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.
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.
Required Required
A
B
Complete the schedule of cash receipts by filling in the missing amounts.
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