Please help due date is tomorrow

FORMATION A CASH BUDGET FOR AUGUST AND SEPTEMBER 2020 RECEIPTS AUGUST SEPTEMBER Cash sales (40 of total sales) Cash collection from debtors 450 000 748 800 A Rent income B office Equipment sold C 28 000 Loan: Simunye Bank D TOTAL RECEIPTS E PAYMENTS Cash purchases of trading stock (Raw Material) Payments to creditors 385 000 F Direct labour 315 000 320 000 Factory overheads 145 600 189 200 Administration costs 90 000 G Selling and distribution costs H 140 050 Interest on loan: African Bank 58 500 16 500 23 500 Deposit on New Machinery J Instalment on Machinery purchased K TOTAL PAYMENTS CASH SURPLUS/DEFICIT Balance at the beginning of the month (166 320) Cash on hand at the end of month INFORMATION B Sales Debtors' terms: strictly pay in 30 days and they are given 5% discount for early settlement. Rent Income According to the lease agreement the rent is increased by 12% each year on 1 September. Rent is received monthly in advance i.e. July rent is received in June. Ill) Office Equipment The company is planning to sell old office equipment in August 2020. The cost price of this equipment was R 120 000 and the accumulated depreciation to date of sale will amount to R 70 000. The company hopes to make a profit of R 6 500 Loan Interest is calculated at 12% p.a. The company is planning to take out an additional loan on 1 September 2020 at the same interest rate. Question Paper 2020 Grade 12 Case Study