The budget director of Natalia's Florist has prepared the following sales budget. The company had...
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The budget director of Natalia's Florist has prepared the following sales budget. The company had $330,000 in accounts receivable on July 1. Natalia's Florist normally collects 100 percent of accounts receivable in the month following the month of sale. Required a. te the schedule of cash receipts by filing in the missing amounts gust Se 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 $ 78,000 67,000 76,000 82,000 100,000122,600 $160,000$167,000 $198,600 $ 408,000 $149,000 $176,000 b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet Accounts receivable 0 Type here to search
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