(8)0023The budget director of Heather's Florist has prepared the following sales budget. The company had $250,000 in accounts receivableon July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale.Requireda. 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 ARequired BDetermine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet.Accounts receivable< Required ARequired B>< Prev2 of 5here to search(eD 回12insprt scdeletehomef2f4f561►DI中米$44num2.+ backspacelock5.9.3.R.ヨhomeenterH.K.pauseshiftC.N. (過)11%2400关%24%24%23The budget director of Heather's Florist has prepared the following sales budget. The company had $250,000 in accounts receivableon July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale.Requireda. Complete the schedule of cash receipts by filling in the missing amounts.b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet.Complete this question by entering your answers in the tabs below.Required ARequired BComplete the schedule of cash receipts by filling in the missing amounts.JulyAugustSeptemberSales Budget$ 000৮৪122,600Cash sales86,000$ 000'00000$154,000 $ 183,000Sales on account0000Total budgeted sales208,6002$Schedule of Cash ReceiptsCurrent cash salesPlus: Collections from accounts receivableTotal budgeted collections$ 320,000 $ 168,000$4185,000( Required ARequired B >37°Fre to search(f10f12insprt scdeletehomef481#3'num->backspacelock9.6.4.5.8.日enterH.pause

The budget is prepared to estimate the requirements for the future period.Part a. Schedule of cash receipts July August September Cash sales $70,000 $84,000 $86,000 Add: Collection from account receivables $250,000 $84,000 $99,000 Total budgeted collections $320,000 $168,000 $185,000 Part b. Account receivable balance for 3rd quarter = $122,600 (Credit sales of September)

Business

Accounting

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. July August September Sales Budget Cash sales 70,000 $ 84,000 2$ 86,000 Sales on account 84,000 99,000 122,600 Total budgeted sales $154,000 $ 183,000 $ 208,600 Schedule of Cash Receipts Current cash sales Plus: Collections from accounts receivable Total budgeted collections $ 320,000 $ 168,000 $ 2$ 185,000

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. July August September Sales Budget Cash sales 70,000 $ 84,000 2$ 86,000 Sales on account 84,000 99,000 122,600 Total budgeted sales $154,000 $ 183,000 $ 208,600 Schedule of Cash Receipts Current cash sales Plus: Collections from accounts receivable Total budgeted collections $ 320,000 $ 168,000 $ 2$ 185,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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(Use cells A4 to D7 and A10 to B30 from the given information in screenshot 1, as well as A3 to C34 from the Schedules and Cash Budget in screenshot 2 to complete this question.) Please provide me with the formulas needed to complete each cell that has a yellow background. thank you
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Paul's Pool Service provides pool cleaning, chemical application, and pool repairs for residential customers. Clients are billed weekly for services provided and usually pay 40 percent of their fees in the month the service is provided, In the month following service, Paul collects 50 percent of service fees. The final 10 percent is collected in the second month following service. Paul purchases his supplies on credit, and pays 50 percent in the month of purchase and the remaining 50 percent in the month following purchase. Of the supplies Paul purchases, 85 percent is used in the month of purchase, and the remainder is used in the month following purchase. The following information is available for the months of June, July, and August, which are Paul's busiest months: • June 1 cash balance $14,800. • June 1 supplies on hand $4,000. • June 1 accounts receivable $8,300. • June 1 accounts payable $3,900. · Estimated sales for June, July, and August are $24,900, $37,400, and $39,900,…
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