Solution-Prepare a cash budget on a monthly basis

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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Prepare a cash budget on a monthly basis

Reference no: EM133052707

Reference no: EM133052707

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