Exercise $14-3$ A $($Algo$)$ Preparing a schedule of cash receipts LO $14-2$

The budget director of Heather's Florist has prepared the following sales budget. The company had $$120,600$ 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.

$\backslash$table$[[$Sales Budget,July,August,September$],[,,,,,],[$Cash sales,$$,61,000,$$$,83,000,$$$,84,000],[$Sales on account,,$88,000,,109,000,,120,600],[$Total budgeted sales,$$,149,000,$$$,192,000,$$$,204,600],[$Schedule of Cash Receipts,$2,,,,,],[$Current cash sales,,,,,,$],[$Plus: Collections from accounts receivable,,,,,,$],[$Total budgeted collections,$$,181,600,$$$,171,000,$$$,193,000]]$