Question 2 Budgeting (20 marks) Write your answers on the exam paper itself using the templates and spaces provided. Cash Budget 1 West Sydney Travel Services plans to commence operations on 1 July 2019. The following data and estimates relate to the three months ending 30 September 2018. The bank balance at 01/07/2019 is expected to be $0 July August September $11,100 16,800 $14,500 10,200 Initial capital Fees charged (credit) Fees received Computer equipment (cash) Administration Advertising and marketing Depreciation of equipment Cash withdrawals Rent Purchase of Motor Vehicle $25,000 9,200 15,200 6,900 1,100 2,500 500 1,200 600 1,100 2,000 500 1,200 1,600 15,000 1,100 1,200 500 1,200 1,600 Required: Prepare a monthly cash budget for the three months ending 30 September 2018, using the template provided on page 7