|
|
Sales
|
Purchases
|
Rent
|
Drawings
|
Expenses
|
Wages
|
|
|
|
|
|
Mar
|
5000
|
1200
|
1200
|
100
|
300
|
550
|
|
|
|
|
|
Apr
|
7000
|
2000
|
1300
|
150
|
400
|
600
|
|
|
|
|
|
May
|
6500
|
1700
|
1250
|
200
|
300
|
700
|
|
|
|
|
|
June
|
5500
|
500
|
1200
|
100
|
200
|
650
|
|
|
|
|
|
July
|
4000
|
800
|
1250
|
50
|
400
|
550
|
|
|
|
|
|
Rent is paid
one month in advance
|
|
|
|
|
|
30% of sales
are on a cash basis, the remainder is received one month later.
|
|
|
|
|
|
15% of
purchases are on a cash basis, the remainder is paid two months after
purchases.
|
|
|
|
|
|
Wages are
paid in the same month.
|
|
|
|
|
|
The company
buys a new van in June costing £3000.
|
|
|
|
|
|
The company
sells equipment with £500 received in May and £200 received in June.
|
|
|
|
|
|
The bank
balance on 1st April is £1000.
|
|
|
|
|
|
Prepare the
cash budget for the three months ending 30th June.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
`
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|