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Determine amount of accounts receivable company will report

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Reference no: EM133032419

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.

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

Reference no: EM133032419

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