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The budget director of Heather's Florist has prepared the following sales budget. The company had...

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Accounting

The budget director of Heather's Florist has prepared the following sales budget. The company had $136,600 in accounts receivable on July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale.
Required
a. Complete the schedule of cash receipts by filling in the missing amounts.
b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Complete the schedule of cash receipts by filling in the missing amounts.
\table[[Sales Budget,July,August,September],[,,,,,],[Cash sales,$,80,000,$,83,000,$,71,000],[Sales on account,,f,,103,000,,136,600],[Total budgeted sales,$,160,000,$,186,000,$,207,600],[Schedule of Cash Receip,,,,,,],[Current cash sales,,,,,,],[Plus: Collections from acco,,,,,,],[Total budgeted collections,$,216,600,$,163,000,$,174,000]]
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