Question
As the cost accountant at Robot It, you extract the following actual and budgeted data of a small subsidiary company for the period ending 31
As the cost accountant at Robot It, you extract the following actual and budgeted data of a small subsidiary company for the period ending 31 march 2019. SEE ATTACHMENT Prepare a monthly Payments Schedule for period 1 October 2018 to 31 March 2019. Credit sales (each month: Ksh August and September 2018 October, November and December 2018 January, February and March 2018 Credit purchases (each month): August and September 2018 October, November and December 2018 January, February and March 2020 Salaries and wages payable for each month Insurance, rent and rates payable each month Other overheads payable each month Depreciation for each month 34000 39000 44000 17000 20000 22000 7000 4000 6000 1500 Equipment costing ksh 60000 will be purchased and paid for in October 2018 A sale of assets yields ksh 9000 cash and is expected to be received in October 2018. The bank balance on 1 October 2018 is expected to be ksh 4000 overdrawn customers are granted one month's credit Suppliers of goods allow one month's credit.
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