The total budgeted sales for Bongiwe limited for the second half of 2022 are expected to...

 

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The total budgeted sales for Bongiwe limited for the second half of 2022 are expected to be as follows: July August September October November December Actual Sales 12 000 16 000 12 000 Additional information: Budgeted Sales 8 000 12 000 20 000 1. Cash sales is 25% of total sales. 2. Debtors pay according to the following pattern: 60% one month after date of sale (next month) - less 5% discount 25% two months after date of sale (after 60 days) 12% three months after date of sale (after 90 days) 3% never pay and are written off. Required prepare the Debtors Collection Schedule for the three-month period 1 October 2022 - 31 December 2022 The total budgeted sales for Bongiwe limited for the second half of 2022 are expected to be as follows: July August September October November December Actual Sales 12 000 16 000 12 000 Additional information: Budgeted Sales 8 000 12 000 20 000 1. Cash sales is 25% of total sales. 2. Debtors pay according to the following pattern: 60% one month after date of sale (next month) - less 5% discount 25% two months after date of sale (after 60 days) 12% three months after date of sale (after 90 days) 3% never pay and are written off. Required prepare the Debtors Collection Schedule for the three-month period 1 October 2022 - 31 December 2022

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To prepare the Debtors Collection Schedule for the threemonth period from October 1 2022 to December ... View the full answer