Accounting Business Assignment Help Australia Background Jason and Marie are new clients who have recently set up their own home renovation business which they have called J& M Home Improvements Pty Ltd. They want you to provide ongoing accounting/bookkeeping services to them but they are concerned that they have not yet prepared a budget for their proposed business. In order to assist them you ask them for forecast of revenue and expenses for the first year of operation. The data you are provided with is as follows: Monthly data Rent for workshop:
$ 3,000
Contractors (carpenters, electricians, plumbers, etc.):
$18,000
Motor Vehicle - petrol-parking registration etc.): Advertising:
$ 300 $ 1,500
Postage, printing & stationery:
$
200
Insurance:
$
275
Utilities:
$
50
Telephone:
$
175
They anticipate that revenue will be $15,000 in their first month of operations and this will grow at the rate of 10% each month. Please round all numbers to whole dollars. Required 1. For this simulation exercise, you are required to prepare a budget using Excel. Include the following: 
the name of the business

month name for each of 12 columns

forecast revenue each month