Questi 3 23 Martens as Mar The following information is applicable to Shine Wholesale Budgeted sales July R105000 August R132000 420 1995 42 > 3 754 135 al cost September R165 000 225 riance Cash sales amount to 20% of total sales. 55% of credit sales are collected in the month of sale, with a discount of 10% those debtors who pay during this time. The remaining outstanding credit sales are collected in equal instalments over next two months. In October, the sales are expected to increase by 20% when compared to September. There are no bad debes. Purchases of raw materials and sales in October will be at the same ratio as in September Shine Wholesalers is allowed two month's credit on purchases of raw materials. 40% of purchases are paid in the month following purchase and the rest in the second month after purchase. Purchases of raw materials are expected to as follows: June RSS 000 July R68000 August RRS 000 September R105 000 Wages and salaries are paid to employees M the end of the month in which they were camed. Salaries and wages are expected to be: June R22 200 July R20 500 August R23 500 September October R28 000 R.26 500 Rent amounts to R48 000 per annum. All other overheads amount to R38 160 per annum, which includes RI 875 depreciation on equipment, bought on 1 July 20,20 for R75 000 This amount is expected to be paid off in three qual monthly installments, commencing on August 20:20. Rental expenses and overheads expenses are expected to evenly throughout the financial year, Overdraft facilities are available. The opening bank balance on September 20:20 amounted to R16 800 (favourable) Required: Prepare a columnar cash budget for September and October 20x20. Show all calculations. Round off to the nearest rand