The budget director of Heather's Florist has prepared the following sales budget. The company had $125,600...
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The budget director of Heather's Florist has prepared the following sales budget. The company had $125,600 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. August 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 $ July 80,000 $ 95,000 $ 175,000 $ $ 205,600 $ September 78,000 $ 108,000 85,000 125,600 186,000 $ 210,600 173,000 $ 193,000 Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Accounts receivable The budget director of Heather's Florist has prepared the following sales budget. The company had $125,600 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. August 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 $ July 80,000 $ 95,000 $ 175,000 $ $ 205,600 $ September 78,000 $ 108,000 85,000 125,600 186,000 $ 210,600 173,000 $ 193,000 Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Accounts receivable
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Business Law Text and Cases
ISBN: 978-0324655223
11th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F
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