Qustrov TuEE Ankuaries L$.$A$.$

$($ii$)$ Sales rexpectively.

$($iii$)40$ res of sales would be in cash. $30,$ each would be paid in $30$ days and $60$ days. respectively.

$($v$)75\%$ of purchases would be paid for imanceliately and the balance in rwo months

$($vi$)$ Selling expenses are to be settled in two equal installments in $30$ and $60$ days. December $2014$ expenses are TZS $15,000$

$($vii$)$ Distribution, expenses are payable one month in arrears while administration expenses are payable imrticdiately.

$($viii$)$ Distribution expenses for December $2014$ would be TZS $5,000$ while selling. expenses would be TZS $8,000$ for November $2014$ and TZS $9,000$ in Deccmber $2014.$

$($ix$)$ Balance in the bank on $31$ December, $2014$ is expected to be TZS $28,000$ overdrawn.

$($x$)$ The company intends to pay for the following:

Company tax of TZS $12,000$ in February $2015$

A new gencrator costing TZS $6,500$ in March $2015$

Dividends of TZS $20,000$ in April $2015.$

$($xi$)$Some unserviceable vehicles would be sold in Jamyary $2015$ for T$2$S $8,000.($xii$)$ The company maintains a minimum cash balarice of TZS $10,000$ each month Show all workings.