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Part B (15 marks) Coolmouse Pty Ltd also provided the following estimates relating to the first quarter of Financial Year 2022 Cash Sales 245,000 Credit
Part B (15 marks) Coolmouse Pty Ltd also provided the following estimates relating to the first quarter of Financial Year 2022 Cash Sales 245,000 Credit Sales 450,000 Administration expense 55,000 Electricity and Gas expense 10,000 Salaries and Wages 125,000 Purchase new Office furniture and equipment 10,500 Depreciation of furniture and equipment 1,750 Payment to Creditors 320,000 Receipt from Debtors 575,000 The cash balance as at 1 July 2021 was $925,000 Required Prepare a cash budget for the quarter ending 30 September 2021
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