lit sales (each month): ugust and September 2018 October, November and December 2018 anuary, February and March 2018 Ksh 34000 39000 44000

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
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Chapter12: Current Liabilities
Section: Chapter Questions
Problem 12EA: Scrimiger Paints wants to upgrade its machinery and on September 20 takes out a loan from the bank...
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Credit sales (each month):
August and September 2018
October, November and December 2018
January, February and March 2018
Credit purchases (each month):
August and September 2018
October, November and December 2018
Ksh
34000
39000
44000
17000
20000
January, February and March 2020
Salaries and wages payable for each month
Insurance, rent and rates payable each month
Other overheads payable each month
Depreciation for each month
Equipment costing ksh 60000 will be purchased and paid for in October 2018
A sale of assets yields ksh 9000 cash and is expected to be received in October 2018.
The bank balance on 1 October 2018 is expected to be ksh 4000 overdrawn customers are
granted one month's credit Suppliers of goods allow one month's credit.
22000
7000
4000
6000
1500
As the cost accountant at Robot ltd, you extract the following actual and budgeted data of a small
subsidiary company for the period ending 31 march 2019:
Prepare a monthly payments schedule for
period 1 October 2018 to 31 March 2019
Transcribed Image Text:Credit sales (each month): August and September 2018 October, November and December 2018 January, February and March 2018 Credit purchases (each month): August and September 2018 October, November and December 2018 Ksh 34000 39000 44000 17000 20000 January, February and March 2020 Salaries and wages payable for each month Insurance, rent and rates payable each month Other overheads payable each month Depreciation for each month Equipment costing ksh 60000 will be purchased and paid for in October 2018 A sale of assets yields ksh 9000 cash and is expected to be received in October 2018. The bank balance on 1 October 2018 is expected to be ksh 4000 overdrawn customers are granted one month's credit Suppliers of goods allow one month's credit. 22000 7000 4000 6000 1500 As the cost accountant at Robot ltd, you extract the following actual and budgeted data of a small subsidiary company for the period ending 31 march 2019: Prepare a monthly payments schedule for period 1 October 2018 to 31 March 2019
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