The budget director of Heather’s Florist has prepared the following sales budget. The company had $210,000 in accounts receivable on July 1. Heather’s Florist normally collects 100 percent of accounts receivable in the month following the month of sale.
a. Complete the schedule of cash receipts by filling in the missing amounts.

Complete the schedule of cash receipts by filling in the missing amounts.
July August September
Sales Budget
Cash sales $72,000 $83,000 $75,000
Sales on account 86,000 107,000 130,600
Total budgeted sales $158,000 $190,000 $205,600
Schedule of Cash Receipts
Current cash sales
Plus: Collections from account receivable
Total budgeted collections $282,000 $169,000 $182,000