prepare the cash budget for the months of november and december 2023

The following information relates to Padua (pty) Itd for the three months ended 31 December 2023: Additional information. - Debtors settle their accounts as follows: 50% in the month of sale, 30% in the month after the month of sale, and 15% in the second month after the month of sale while the remaining 5% are considered irrecoverable. - Trade creditors are paid as follows: 60% in the month of purchase, 30% in the month after the purchase while the remaining 10% is paid in the second month after the purchase. - Wages and salaries and all the other expenses are paid as they are incurred every month. - Other expenses include depreciation of R10 000 every month. A Aloan of R120 000 was taken 5 years ago. Interest on the loan is 10% per annum. The annual interest expense is spread evenly through the year and is paid as it is incurred. 75% of the loan will be repaid in December 2023. - The favourable bank balance at the end of October was R15 000. Required: Prepare the Cash Budget for the months of November and December 2023