Use the information provided below to prepare the following for August and September $2024$:

$4\mathrm{.}1$ Debtors Collection Schedule

$(4$ marks$)$

$4\mathrm{.}2$ Cash Budget

$(16$ marks$)$

Note: Where applicable, express amounts to the nearest Rand.

INFORMATION

Breazies Limited provided the following information to assist in the preparation of the debtors collection schedule and cash budget for August and September $2024$:

The bank balance on $31$ July $2024$ is expected to be $R90000($favourable$).$

Forty percent $(40\%)$ of the sales is expected to be for cash; the balance is on credit. Credit sales for June and July $2024$ are expected to be $R600000$ and $R660000$ respectively. Cash sales and credit sales are expected to increase by $10\%$ each month. Thirty percent $(30\%)$ of the credit sales is expected to be settled during the month of the sale for a discount of $5\%.$ The remaining customers usually pay in the month after the sale.

Sixty percent $(60\%)$ of the purchases of inventory is for cash and the balance is paid in the month after the purchase. $($Two separate entries are required.$)$ Twenty percent $(20\%)$ of the cash purchases is subject to a discount of $10\%.$ Purchases are expected to be as follows:

$\backslash$table$[[$July$,$R$800000],[$August$,$R$900000],[$September$,R1000000$