Additional information:

Sales in the December quarter 2022 were $500 000

All sales are on credit, of which 70 percent are collected in the quarter of sale and 30 percent in the following quarter.

Purchases are on credit, and entity policy is such that all purchases are paid for in the same quarter.

The marketing and administration expenses incurred and paid the same (i.e. paid in the same quarter

as they are incurred)

Occupancy expenses incurred and paid are the same, except that the December quarter does not include the last month's electricity usage, equal to $510.

A major IT hardware acquisition of $25 400, to be paid for in cash, is expected in the December

quarter

The bank balance at 31 December 2022 was $18 260.

Example of a Schedule of receipts from debtors/accounts receivable Additional information: - Sales in the December quarter 2022 were $500000, - All sales are on credit, of which 70 percent are collected in the quarter of sale and 30 percent in the following quarter. - Purchases are on credit, and entity policy is such that all purchases are paid for in the same quarter. - The marketing and administration expenses incurred and paid the same (i.e. paid in the same quarter as they are incurred) - Occupancy expenses incurred and paid are the same, except that the December quarter does not include the last month's electricity usage, equal to $510. - A major IT hardware acquisition of $25400, to be paid for in cash, is expected in the December quarter - The bank balance at 31 December 2022 was $18260. Example of a Schedule of receipts from debtors/accounts receivable Additional information: - Sales in the December quarter 2022 were $500000, - All sales are on credit, of which 70 percent are collected in the quarter of sale and 30 percent in the following quarter. - Purchases are on credit, and entity policy is such that all purchases are paid for in the same quarter. - The marketing and administration expenses incurred and paid the same (i.e. paid in the same quarter as they are incurred) - Occupancy expenses incurred and paid are the same, except that the December quarter does not include the last month's electricity usage, equal to $510. - A major IT hardware acquisition of $25400, to be paid for in cash, is expected in the December quarter - The bank balance at 31 December 2022 was $18260