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help me please Cash Budgets On 31 March 2021 the assets and liabilities of LAT traders were as followy W A Traders has supplied you
help me please Cash Budgets On 31 March 2021 the assets and liabilities of LAT traders were as followy W A Traders has supplied you with the following additional information. a Credit sales, actual and expected, for the months from Janiary to June 2021: Accounts receivable are uswilly collected as follow: - 30% in the month following sale - 50% in the sccond month following the sale - 20% in the third month following the sale Question continued b. The owner will contribute $4000 cakh to the basiness in Aprit 2021. c All the land should be sold in May 2021 for 582100 cash. d On 1 May 2021 the owner intends to contribute $2400 of investments (shares in companies) to the business e Credit purchases, acteal and expected, for the mooths from January to June 2021: Accounts payable are setled in the monh following the purchase of the inventory- f Wages paid are expected to be $12100 in April, $13600 in May and $12000 in June 2021. Accrued wages on 30 June 2021 shoald be $600. g Other cash expenses of the business should be 59500 per month. h The motor vehicle owned by the business is depreciated at the rate of 25% per annum using the Straight-line method. i Cash drawings of the owner should be $13500 in lune 2021 . j Rent paid is $8000, payable every six months in advance. The next payment is due in April 2021. Required Prepare a cash budget for each of the moaths of April, May and June 2021 . OEBTOR'S COLLECTION PROJECTION CREDITOR'S PAYMENT PROJECTION Cash Budgets L8T Traders Cash Budget
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