- Prepare a CASH BUDGET for the entire duration of the T-shirt promotion.

AS a Christmas promotion and in order to raise funds to improve the facilities , the friends have* decided to sell Elf T-shirts printed with the club logo to members . Sales of T-shirts will be from 1 November 2018 to 31 January 2019 only . The club will open a special bank account for this project and will deposit R.5 0.00 in this account on 1 November 2018 . The following information relates to the T-shirt promotion :" Selling price is R.2 20 per unit . The total cost for each unit is 75%6 of the selling price . This is paid in cash in the month the T-shirts are sold . It is expected that the receipts for sales of T-shirts are to follow the following trend :" 80% of sales are cash ;` 60%6 of credit sales are received one month after the month of sale ; 38%6 of credit sales are received two months after the month of sale ; The remainder are expected to be credit losses . Budgeted sales figures for the period of the T-shirt promotion are presented below* Month Sales ( Units ) MOVEmber 201B 460 DECEmber 201.8 550 January 2015 210 The following balances appeared in the club's books at the beginning of October :` Account name Amount ( R ) Bank 32 850 Equipment 58 245 Membership fees 56000