QUISTIOMA (20 MARKS) F Uae the cilumaton povvied below to propare the following for March and April 2024 1. Detiors Collechon Sdhedule (4 marks) 42 Cach Budgel (16 marks) DEORMATION The tolivang intormation was provded by BN Traders: 1. The bank balance on 28 February 2024 is expected to be R100 000 (unfavourable). 2. The sales fiqures for the first four months of 2024 are expected to be as follows: 3. Cash sales usually make up 30% of the total sales. The balance of the sales is on credit. (Separate enines are required for cash sales and collections from credit sales.) 4 Credit sales are normally collected as follows: 4130% in the month of the cale, and these debtors are entiled to a 3% discount 4265% in the month after the sale The rest is usualiy wntten off as bad debts. 5. Purchases from February to Apnil 2024 are expected to be as follows: 5. Soty percent (60%) of the cash purchases is subject to a 10% cash discount. Creditors are paid in the month after the month of purchase. (Separate entries for cash purchases and payments to creators are required) 7. The monthly salanes amount to R200 000 . This includes the salary of the manager, R50 000.0n01 Asrl 2024 the salary of the manager is expected to increase by 8% and the rest of the employees by 3) The laan baiance is expected to be R360 000 on 01 March 2024 Repayments of R15 000 per month are mate at the end of each month as per the loan agreement Interest at 12% pet annum on the eftars61sor20,4 are oise bas to wreace ty 5 ts eash monh thereatler