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2 3 points Exercise 7-3A (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 $340,000 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 recevable the company will report on its third quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Meferences Required A Required Complete the schedule of cash receipts by filing in the missing amounts. July August September Sales Budget Cash sales $ 63.000 $ 79,000 $ 71.000 Sales on account 80,000 110,000 120,000 Total budgeted sales 5 152.000 $ 195,000 $191,000 Schedule of Cash Receipts Current cash sales Plus: Collections from accounts receivable Total budgeted collections $ 400.000 $160,000 5 167.000 Proin - 2 3 points Exercise 7-3A (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 $340,000 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. BOOK Hint References Complete this question by entering your answers in the tabs below. Required A Required B Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet Accounts receivable

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