Exercise $7-3$A $($Algo$)$ Preparing a schedule of cash receipts $LO7-2$

The budget director of Heather's Florist has prepared the following sales budget. The company had $$119,600$ in accounts receivable on July $1.$ Heather's Florist normally collects $100$ percent of accounts receivable in the month following the mon 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

Complete the schedule of cash receipts by filling in the missing amounts.

$\backslash$table$[[$Sales Budget,July,August,September$],[,,,,,],[$Cash sales,$$,66,000,$$$,69,000,$$$,86,000],[$Sales on account,,$90,000,,101,000,,119,600],[$Total budgeted sales,$$,156,000,$$$,170,000,$$$,205,600],[$Schedule of Cash Receipts$],[$Current cash sales$],[$Plus: Collections from accounts receivable$],[$Tatal huedantan a pllantionn,&$,125a,8,15$a nn$,,187n$