The budgeted credit sales of Mafuta traders for the first half of 2009 are expected as follows Page 4 of 4 Month of 2009 Budgeted credit sales R

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The budgeted credit sales of Mafuta traders for the first half of 2009 are expected as follows

Page 4 of 4

Month of 2009

Budgeted credit sales R

January

60000

February

70000

March

84000

April

72000

May

64000

June

50000

Debtors are expected to pay their debts as follows

70% in the month of sale

20% in the second month following the month of sale

7% in the third month following the month of sale

3% is written off as irrecoverable

Credit losses are written off at the end of the month in which the last instalment is received. Debtors amounted R179200 on 1 January 2009.Credit sales for October 2008, November 2008 and December 2008 were R56000, R60000 and R66000 respectively

Draft a schedule showing the amounts which Mafuta traders will receive from debtors each

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