The budget director of Heathers Florist has prepared the following sales budget. The company had $ 121,600 in accounts receivable on July 1. Heathers 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.Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet.
The budget director of Heathers Florist has prepared the following sales budget. The company had $ 121,600 in accounts receivable on July 1. Heathers 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.Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![The budget director of Heathers Florist has prepared the following sales budget. The company had $
121,600 in accounts receivable on July 1. Heathers 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.Determine the amount of accounts receivable the company will report on its
third quarter pro forma balance sheet.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faa33f6a7-be95-4f68-b5a8-2f6175f31e35%2Fdee9ee3e-b68e-4907-bc7a-6bce44bc2096%2F0hnsdtb_processed.png&w=3840&q=75)
Transcribed Image Text:The budget director of Heathers Florist has prepared the following sales budget. The company had $
121,600 in accounts receivable on July 1. Heathers 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.Determine the amount of accounts receivable the company will report on its
third quarter pro forma balance sheet.
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