QUESTION MANAGEMENT OSA.pdf REQUIRED Open with Google Docs (20 Marks) Use the information provided below to prepare the following for August and September 2022: 4.1 Debtors Collection Schedule 4.2 Cash Budget INFORMATION (4) (16) The following information was provided by Luton Enterprises to assist in the preparation of its cash budget for August and September 2022: 1. 2. An unfavourable bank balance of R60 000 is expected on 31 July 2022. Expected credit sales are as follows: July 2022 R720 000 August 2022 R792 000 September 2022 R871 200 3. 4. Credit sales usually make up 75% of the total sales. Cash sales make up the balance. Credit sales are normally collected from debtors as follows: 30% in the month in which the transaction takes place, and these debtors are entitled to a 5% discount; 65% in the following month. The rest is usually written off as bad debts. 5. The budgeted purchases of inventory for July 2022 are R480 000. Inventory purchases thereafter increases by the same percentage as the percentage increase in sales. Fifty percent of the purchases is for cash and the balance is paid in the month after the purchase. + Page 7 / 11 6. The monthly salaries for September 2022 are expected to amount to R204 480, after an increase of