PREPARE A CASH BUDGET FOR July, August, September, and quarter

Self-test problem 4.8 Bega Traders provides the following information: .Expected cash receipts (including GST) are: Plant Cash sales Debtors Rent July August September 14 800 23 100 21 000 15 500 20 400 25 300 2 000 2 000 2 000 6 000 * Purchases an d expenses (including GST) that appear in the budgeted income statement are: Purchases Expenses June July August September 14 000 16 000 18 000 23 000 12 000 13 000 16 000 18 000 Fifty per cent of expenses are paid in the month they are incurred. The balance of expenses and purchases are paid in the month following. Depreciation is $30 000 per annum. GST is accounted for by the cash method. . . The bank account at 30 June is $5 000 overdraft