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REQUIRED Use the information provided below to prepare the following for January and February 2024: 3.1 Debtors Collection Schedule (4 marks) 3.2 Cash Budget (16

REQUIRED Use the information provided below to prepare the following for January and February 2024: 3.1 Debtors Collection Schedule (4 marks) 3.2 Cash Budget (16 marks) INFORMATION The following information supplied by Orbit Enterprises: 1. Orbit Enterprises expects to have an unfavourable bank balance of R36 000 on 31 December 2023. 2. Expected sales are as follows: November 2023 R400 000 December 2023 R500 000 January 2024 R440 000 February 2024 R460 000 3. Credit sales account for 60% of the total sales. The rest of the sales is for cash. 4. The amounts owed by debtors are usually collected as follows: h 20% is collected in the same month as the credit sales for a

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