The information in the table is based on source documentation from the companys previous operations. GST Expenses are shown.

	September	December	March	June
Motor vehicle	1,300	1,495	300	450
Printing	200	50	200	50
Electricity	600	555	500	500
Rent	4,500	4,500	4,500	4,500

Depreciation is $700 per quarter and tax payable at 30% of net profit per quarter. Wages for the senior staff are $8,000 per quarter and junior $5,000.

Complete the expense budget, budgeted statement of financial performance; you will need to add the non GST items to the expense budget, and the cash flow budget which has an opening cash balance of $42,000. The opening GST liability is 2,000 and the opening PAYG tax instalment is 2,500.

Voyager Co. Expense Budget 30 June
	September	December	March	June
Cash Expenses
Motor vehicle
Printing
Electricity
Rent
Sub Total GST inclusive
GST
Net of GST
Wages Senior
Wages Junior
Subtotal Cash Items
Depreciation
Total

Voyager Co. Budget statement of financial performance 30 June
	September	December	March	June	Liability
Service revenue
Less Expenses
Subtotal
Income tax 30%
Net Profit

Voyager Co GST Budget 30 June
	September	December	March	June	Liability
GST Collected on Sales
GST Paid on Expenses
GST Paid on Capital Acquisitions
Net GST

Voyager Co. Budget statement of cash flows 30 June
	September	December	March	June
Opening Cash
Add Collections from revenues
Total cash available
Less estimated cash payments
Cash Payments in expense budget
Capital Expenditures
GST Payments*
Tax payments
Total
Closing cash balance

(GST=10%)