Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Please draft a budgeted receipt schedule from debtors for the period of 1 January 2 0 2 3 to 3 0 June 2 0 2

Please draft a budgeted receipt schedule from debtors for the period of 1 January 2023 to 30 June 2023. Month of 2023 Budgeted total sales:
1.January 140000
2.February 132000
3.March 128000
4.April 115000
5.May 120000
6.June 150000
Additional information:
Total sales for September 2022, October 2022, November 2022 and December 2022 were R120000, R128000 and R134000 and R140000 respectively. The goods sold on credit were 60% of actual sales.
Customers will pay their debt as follows:
0% in the first month after the month of sale
60% in the second month after the month of sale
30% in the third month after the month of sale
10% in the fourth month after the month of saleB

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions