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Prepare a cash budget on a monthly basis

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Reference no: EM133052707

Question - Great Grannyflats has provided the following information:

 

Oct-21

Nov-21

Dec-21

Credit Sales

$229,600

$228,520

$212,500

Receipts from Debtors

$251,560

$226,792

$219,016

Proceeds from sale of Motor Vehicle

$-

$-

$21,600

Payment to suppliers

$46,800

$63,000

$86,400

Credit Purchases

$15,300

$18,900

$18,900

Payment of Wages

$45,000

$63,000

$63,000

Payment of September2021 BAS

$-

$115,200

$-

Other Cash Purchases

$10,800

$19,800

$12,600

Cash Purchase of Small Truck

$135,000

$-

$-

The Bank Balance at the end of September 2021 is expected to be $46,800.

Required - Prepare a Cash Budget on a monthly basis for Great Grannyflats for the quarter ending December 2021?

Reference no: EM133052707

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