The budget director of Heather's Florist has prepared the following sales budget. The company had $330,000...
The budget director of Heather's Florist has prepared the following sales budget. The company had $380,000 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. Complete this question by entering your answers in...
The budget director of Heather's Florist has prepared the following sales budget. The company had $270,000 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.
Exercise 14-3 Preparing a schedule of cash receipts LO 14-2 The budget director of Heather's Florist has prepared the following sales budget. The company had $310,000 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...
Exercise 14-3 Preparing a schedule of cash receipts LO 14-2 The budget director of Heather's Florist has prepared the following sales budget. The company had $200,000 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...
The budget director of Natalia's Florist has prepared the following sales budget. The company had $370,000 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. Complete the schedule of cash receipts by filling in the missing amounts. July August September Sales Budget 69,000 67,000 79,000 Cash sales 110,000 119,600 Sales on account 81,000 $150,000 $177,000 198,600 Total budgeted sales Schedule of Cash Receipts Current...
Exercise 14-3 Preparing a schedule of cash receipts LO 14-2 The budget director of Heather's Florist has prepared the following sales budget. The company had $220,000 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...
The budget director of Heather’s Florist has prepared the
following sales budget. The company had $320,000 in accounts
receivable on July 1. Heather’s Florist normally collects 100
percent of accounts receivable in the month following the month of
sale.RequiredComplete 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.How do you figure out collections for account receivable?
2 parts
Exercise 14-3 Preparing a schedule of cash receipts LO 14-2 The budget director of Heather's Florist has prepared the following sales budget. The company had $370,000 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...
Exercise 14-3 Preparing a schedule of cash receipts LO 14-2
The budget director of Heather’s Florist has prepared the
following sales budget. The company had $270,000 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
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....
The budget director of Heather’s Florist has prepared the following sales budget. The company had $370,000 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 Complete the schedule of cash payments for S&A expenses by filling in the missing amounts. Determine the amount of salaries payable the company will report on its pro forma balance sheet at the end of the fourth quarter. Determine the...