The budget director of Heather s Florist has prepared the following sales budget. The company had $
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Question:
The budget director of Heathers Florist has prepared the following sales budget. The company had $ in accounts receivable on July Heathers Florist normally collects percent of accounts receivable in the month following the month of sale.
Required
Complete the schedule of cash receipts by filling in the missing amounts.
Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet.
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