awThe budget director of Heather's Florist has prepared the following sales budget. The company had $320,000 in accounts receivableon July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale.Requireda. Complete the schedule of cash receipts by filling in the missing amounts.b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet.Complete this question by entering your answers in the tabs below.Required A Required BComplete the schedule of cash receipts by filling in the missing amounts.JulyAugustSales BudgetCash salesSales on accountTotal budgeted salesSchedule of Cash ReceiptsCurrent cash salesPlus: Collections from accounts receivableTotal budgeted collections$September62,000 $ 84,000 $95,000 102,000$ 157,000 $ 186,00085,000124,600$209,600$ 382,000 $ 179,000 $ 187,000 ItranscriptThe budget director of Heather's Florist has prepared the following sales budget. The company had $320,000 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 A Required BDetermine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet.Accounts receivable< Required ARequired S

w The budget director of Heather's Florist has prepared the following sales budget. The company had $320,000 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 Complete the schedule of cash receipts by filling in the missing amounts. July Required A Sales Budget Cash sales Sales on account Total budgeted sales Schedule of Cash Receipts Current cash sales Plus: Collections from accounts receivable Total budgeted collections $ August September 84,000 $ 85,000 62,000 $ 95,000 102,000 124,600 $209,600 $ 157,000 $ 186,000 $ 382,000 $ 179,000 $ 187,000

w The budget director of Heather's Florist has prepared the following sales budget. The company had $320,000 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 Complete the schedule of cash receipts by filling in the missing amounts. July Required A Sales Budget Cash sales Sales on account Total budgeted sales Schedule of Cash Receipts Current cash sales Plus: Collections from accounts receivable Total budgeted collections $ August September 84,000 $ 85,000 62,000 $ 95,000 102,000 124,600 $209,600 $ 157,000 $ 186,000 $ 382,000 $ 179,000 $ 187,000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 18E

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