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Rubining Time: 1 hour, 58 minutes, 31 seconds. Question Completion Status: QUESTION 2 60 points Save Answer QUESTION 2 The management of Loadshedding Limited has asked you to prepare a cash budget for the months of February to April 2022. The following information is available December January February March April R R R R R Cash Sales 400 000 200 000 350 000 400 000 550 000 Credit Sales 900 000 405 000 450 000 495 000 350 000 Purchases 300 000 300 000 150 000 100 000 150 000 Salaries & wages 100 000 100 000 100 000 100 000 110 000 Rental expense 10 000 10 000 10 000 11 500 11 500 Sundry Expenses 80 000 105 500 85 000 60 000 50 000 Additional Information 1. A negative opening balance of R450 000 2. Interest expense of R10 000 is payable per month 3. Advertising amounts to R2 000 per month 4. Credit sales are collected as follows: Chet Save and Submit to save and submit. Click Save All Answers to save all answers, Save Al Answers Save and Submit Chapter 6 Exercises ni Remaining Time: 1 hour, 58 minutes, 25 seconds. * Question Completion Status: www 350 000 150 000 110 000 11 500 50 000 Credit Sales 900 000 405 000 450 000 495 000 Purchases 300 000 300 000 150 000 100 000 Salaries & wages 100 000 100 000 100 000 100 000 Rental expense 10 000 10 000 10 000 11 500 Sundry Expenses 80 000 105 500 85 000 60 000 Additional Information 1. A negative opening balance of R450 000 2. Interest expense of R10 000 is payable per month 3. Advertising amounts to R2 000 per month 4. Credit sales are collected as follows: 60% in the month of sale 20% in the month following the sale 20% in the second month following the sale 5. All purchases are on credit, however, they are paid within the month of purchase to obtain a discount of 5%. 6. Salaries and wages will double in the month of February as nuses will be paid to employees 7 Equipment amounting to R200 000 will be bought in March 2022 8. Interest income amounting to R35 000 is received every month 8. Dividends of R100 000 will be received in February 2022 9. Rent income of R20 500 is received every month. 10. All sundry expenses are paid in cash Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save A Answers Save and Submit Chapter 6 Exercises.pdf Exercise 6.10.pdf Exam.Statement of....pdf Cash Reste CE Required: Prepare a cash budget for February, March, and April. Show all necessary schedules Debtors Collection Schedule R R R Cash budget of Loadshedding Ltd R R R Opening balance Add: Total receipts Cash sales Credit sales Interest Dividends Rent Total cash available Less: Total cash payments Activate Windows