new Help BATETEZATE 16.1.7.1.3.1.9.10-11-12 1.13.1.14. 15. 1. 16. 1.17 4. The information provided below-relates to Mendi Enterprises 1 1 Information 1 The bank balance on 30 September 2017 was R3 000(OR 2 Actual and budgeted sales are as follows: R September 2009 220 000 October 2009 200 000 November 2009 240 000 3. Cash sales are estimated at 10% of total sales 4 Debtors are expected to settle their accounts as follows 70% during the month of sale (These debtors receive a 5% discount) 30% in the following the month 5 Actual and budgeted purchases for each month are as follows R September 2017 120 000 October 2017 100 000 November 2017 110 000 6 Fifty percent (50%) of all purchases are for cash Creditors are paid intulin the month following the purchase transaction 7 Rent expense amounts to R$ 000 per month payable monthly Rent wil noense by 10% from 01 November 2017 8. Variable selling and administrative expenses are estimated at 25% of sales. They are payable during the month of sale 9 Insurance amounts to R24 000 per annum payable monthly 10. The proprietor intends to make the followg drawings during November 2017 Cash R12 000 Trading merchandise. R3 000 Required 1 4.10 Prepare a debtor's collection schedule for October and November 2017. (6 marks) 1 DI 420 Prepare the Cash budget for October and November 2017 (14 marks) 1 Note: Where applicable, round off all amounts to the nearest Rand 1