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Determine amount of accounts receivable company will report

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Reference no: EM133037048

Problem - The budget director of Heather's Florist has prepared the following sales budget. The company had $280,000 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.

Reference no: EM133037048

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