Orio Ltd$\text{'}$s budgeted sales for the July to December $2024$ are expected to be as follows.

The budgeted expected sales for the month of July are expected to be R$120000.60\%$ of all sales

expected to be on credit.

Debtors are expected to pay their debts as follows:

$50\%$ in the month following the month of sales $($i$.$e$.30$ days$).$

$35\%$ in the second month following the month of sales $($i$.$e$.60$ days$).$

$12\%$ in the third month following the month of sales $($i$.$e$.90$ days$).$

$3\%$ is written off as irrecoverable.

Credit losses are written off at the end of the month in which the last instalment is received. Total

sales for April, May and June $2024$ were R$85000,$ R$90000$ and R$110000$ respectively.

Required:

Q$\mathrm{.}1\mathrm{.}1$ Prepare a monthly schedule of budgeted receipts from debtors for the period $1$ July

$2024$ to $31$ August $2024.$

Q$\mathrm{.}1\mathrm{.}2$ Calculate the credit losses that will be written off during the budget period from July

$2024-$ December $2024.$

Reminder: Credit losses are written off at the end of the month in which the last

instalment is received.