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

The budget director of Heather's Florist has prepared the following sales budget. The company had $$135,600$ 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.

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A

B

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