Complete the Debtors Collection Schedule (A and B) for the month of November 2018. In your answer book, the credit sales amounts are provided on the answer sheet.

Step 1: Calculate the collections from October sales for November (A). According to the debtors collection period, 20% of sales are collected in the month following the sale. November is the month following October. A = October Credit Sales × 20\% A = R265\,000 × 0.20 A = R53\,000 Step 2: Calculate the collections from November sales for November (B). According to the debtors collection period, 10% of sales are collected within the same month as the sale, subject to a 2% discount. B = November Credit Sales × 10\% × (1 - Discount Rate) B = R456\,000 × 0.10 × (1 - 0.02) B = R456\,000 × 0.10 × 0.98 B = R45\,600 × 0.98 B = R44\,688 The completed values are: A = R53 000 B = R44 688 Send me the next one 📸