Question: HW: Chapters 14 & 15 2 Saved 3.33 points The budget director of Heather's Florist has prepared the following sales budget. The company had $390,000

HW: Chapters 14 & 15 2 Saved 3.33 points The budget director of Heather's Florist has prepared the following sales budget. The company had $390,000 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. eBook Complete this question by entering your answers in the tabs below. Hint Required A Required B Print Complete the schedule of cash receipts by filling in the missing amounts. References 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 August September $ 60,000 $ 84,000 96,000 110,000 $ 86,000 $ 156,000 $ 194,000 $ 132,600 218.600 $ 450.000 $ 180,000 $ 196,000 Required B > w-Hill Connect Question 2-HW: Chapters 14 & ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FlmsCloseWindow.htm#/activity/ WebCOM 2.0 Netflix EIS Homepage History M Gmail Maps HW: Chapters 14 & 15 2 TWU Saved 3.33 points The budget director of Heather's Florist has prepared the following sales budget. The company had $390,000 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. eBook Complete this question by entering your answers in the tabs below. Hint Required A Required B Print References Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Accounts receivable < Required A Tendered B

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!