On 1 January 2022, Ms. Suraya opened the Bestari Bookstore with a cash capital of RM50,000 and

premises worth RM140,000. Below are his estimated business receipts and payments for the quarter

ended 31 March 2022.

 

a) Estimated purchases and sales are as per below:

Month	Purchases	Sales
	Rm	Rm
January	20,000	40,000
February	25,000	50,000
March	30,000	60,000

All Purchases are in cash while 60% of sales are on credit with a credit period of one month.

 

b) In January, a used vehicle costing RM18,000 was purchased with a down payment of RM12,000 and the remaining debt will be paid in equal instalments for 8 months.

c) A RM30,000 bank loan is expected to be received in February. Monthly loan repayments of RM600 start in March.

d) Starting in February, some premises will be rented out with a monthly rental of RM1800. Rent will    be received at the beginning of each month.

e) In March, Ms. Suraya is expected to withdraw RM6,000 in business cash for the purchase ofshares of Syarikat Nusantara Berhad. Employee salaries and operating expenses amounting to RM2,500 and RM300 respectively are paid at the end of each month. 

f) The monthly payment rate is estimated at RM700 and is expected to drop by 10 % in March.

g) At the end of March, the business made a sales promotion involving an expenditure of RM2,400

 

Required:

Give a Cash Budget for the quarter ended 31 March 2022.