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Complete the Debtors' Collection Schedule for May and June 2 0 2 3 . ( 8 ) Calculate the capital amount for the fixed deposit

Complete the Debtors' Collection Schedule for May and June 2023.(8)Calculate the capital amount for the fixed deposit that was invested on 1 April 2023. Note that interest at 10% p.a s recelved al the end of each month.(Complete the Cash Budget for May and June 2023.Grade 11Extract from the Trial Balances:20232022.65625005775000Land and buildings540000540000Vehicle519750Accumulated depreciation on vehicle754000670000Equipment249520Accumulated depreciation on equipmentINFORMATION:B.C.D.Land and buildings:Tonga Construction and House Plans sent an invoice on31 August 2022 to Time Zone Watches after the completion of the new storage facilities. The full invoice amount was paid and debited against land and buildings. However, the auditor found that repairs to the old storage room, R63000, were included in the invoice.Correct the error.Vehicles:The business has only one vehicle.The depreciation rate is 15% p.a. on cost price.Equiment:A photocopy machine was traded in on 30 November 2022 forR89656 for a better model. The cost price of the new model delivered on 1 December 2022 was R240000.The fixed asset register reflected the following:Category:Model:Date purchased:Cost price:Depreciation rate:Date28 Februarie 202230 November 2023Photocopy machineKodak 60001 March 2021R15600020% on disminshing balance methodDepreciationR31200Carring valueR12480030

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