Question

The budget director of Natalia’s Florist has prepared the following sales budget. The company had $100,000 in accounts receivable on July 1. Natalia’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 balancesheet.


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  • CreatedFebruary 07, 2014
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