The following budgeted information is given for OCasey Ltd: It is expected that the cash balance at

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The following budgeted information is given for O’Casey Ltd:

It is expected that the cash balance at 1 May will be £800 overdrawn.

Ten per cent of purchases are expected to be for cash.

Creditors will be paid in the month following purchase.


Required

Prepare a cash budget for each of the three months ending 31 July.

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