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Determine the amount of accounts receivable

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Reference no: EM132649435

The budget director of Heather's Florist has prepared the following sales budget. The company had $50,000 in accounts receivable on July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale.

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Question 1: Complete the schedule of cash receipts by filling in the missing amounts.

Question 2: Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet.

Reference no: EM132649435

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