David Ingo has opening debtors of 2,400 (November 1,400, December 1,000). The debtors will pay two months

Question:

David Ingo has opening debtors of £2,400 (November £1,400, December £1,000). The debtors will pay two months in arrears. Credit sales in January will be £1,000 rising by 10%

per month.

Required:

Prepare D. Ingo’s debtors budget for January to June. LO1

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