TASK $4$

$20$

The budgeted credit sales of Mafuta traders for the first half of $2009$ are expected as follows:

$\backslash$table$[[$Month of $2009,$Budgeted credit sales R$],[$January$,60000],[$February$,70000],[$March$,84000],[$April$,72000],[$May$,64000],[$June$,50000],[,]]$

Debtors are expected to pay their debts as follows:

$70\%$ in the month of sale

$20\%$ in the second month following the month of sale

$7\%$ in the third month following the month of sale

$3\%$ is written off as irrecoverable

Credit losses are written off at the end of the month in which the last instalment is received. Debtors amounted R$179200$ on $1$ January $2009.$ Credit sales for October $2008,$ November $2008$ and December $2008$ were R$56000,$ R$60000$ and R$66000$ respectively.

Required:

Draft a schedule showing the amounts which Mafuta traders will receive from debtors each month from $1$ January $2009$ to $30$ June $2009.$