Information:

Collections of credit sales from debtors:

$50\%$ in the month of sales

$30\%$ one month after the sales

$15\%$ two months after the sales

Balance due is irrecoverable and must be written off as bad debts.

All purchases are on credit and creditors are paid one month after purchase less $10\%$

discount.

A fixed deposit of $R15000$ is maturing on $20$ September $2024.$ An interest of $R2000$ will also be due on this

date.

Salaries amounts to R$30000$ per month. However, an increase of $8\%$ will come into effect from $01$ October

An air$-$conditioned system costing R$25000$ is scheduled to be purchased and installed for cash in October $2024.$

Variable expenses are expected to be R$18000$ per month and expected to increase by R$2000$ with effect from $01$

October $2024.$

The owner withdraws R$20000$ cash each month for her personal use.

A loan repayment of R $50000$ is made annually on $01$ September.

The expected Bank balance on $01$ September is an unfavorable bank balance of R$7850.$

Required:

Debtors Collection Schedule for the budgeted period, September to October $2024.$

Statement of Cash Budget for the Budgeted period, September to October $2024.$