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Find the opening balance, pluss all cash receipts, less all cash payments and the closing balance

EXPECTED RANDS November 2020 December 2020 January 2021 February 2021 Cash sales 600 000 610 000 Receivables collection 620 000 630 000 180 000 190 000 Interest income 196 000 208 000 20 000 20 000 Cash purchases 20 000 20 000 24 000 26 000 Credit purchases 28 000 30 000 122 000 126 000 130 000 Operating expenses excl. salaries 134 000 80 000 80 000 90 000 90 000 Salaries 120 000 2 Operating expenses are paid in the month they are incurred and credit purchases are paid within 30 days of purchase (le in the following on Staff are paid an annual bonus in December of 50% of their monthly salary. In addition, staff are given an annual increase of 10% from 1 January each year resignations or new staff appointments are expected over this period. The bank balance on 1 December 2020 is expected to be R480 000 favourable. Complete the summary of the December 2020 cash budget below (No Rand signs, no spaces, no cents, no negative signs, no blanks - use a no cash flow) CASH BUDGET SUMMARY December 2020 Opening balance Plus all cash receipts EXPECTED RANDS November 2020 December 2020 January 2021 February 2021 Cash sales 600 000 610 000 Receivables collection 620 000 180 000 630 000 190 000 Interest income 196 000 20 000 208 000 20 000 Cash purchases 20 000 24 000 20 000 26 000 Credit purchases 28 000 30 000 122 000 126 000 130 000 Operating expenses excl salanes 134 000 80 000 80 000 90 000 90 000 Salanes 120 000 Operating expenses are paid in the month they are incurred and credit purchases are paid within 30 days of purchase (ie in the following month). Sts are paid an annual bonus in December of 50% of their monthly salary. In addition, staff are given an annual increase of 10% from 1 January each year. No resignations or new staff The bank balance on 1 December 2020 is expected to be R480 000 favourable Complete the summary of the December 2020 cash budget below (No Rand signs, no spaces, no cents, no negative signs, no blanks - use a 0 if no cash flow). CASH BUDGET SUMMARY December 2020 Opening balance Plus all cash receipts Less all cash payments