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 \$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 \$18 260