Company has the following information regarding its business operations: 1. Opening cash balance on 1 September 201 was R160000. 2. Sales are as follows ( 35% of sales are on credit): \begin{tabular}{lc} July & R 990000 \\ \hline August & R 70000 \\ \hline September & R 690000 \\ \hline October & R 740000 \\ \hline November & R 180000 \end{tabular} 3. Debtors' terms are as follows: 20% of sales are collected in the month of the sale 11% in the month following the sale 9% in the second month following the sale - The remainder is uncollectable 4. Merchandise purchases and expenses are as follows: Merchandise purchases are paid in full in the month following the month of purchase. Accolunts payable for merchandise purchases on 31 August that will be paid during September total R4000. All other expenses are paid in the month incurred. 15. Equipment costing R5 000 will be purchased for cash during September. 6. A loan of R20 000 will be made in September and repaid in November. 7. Interest on the loan is calculated at R1200 per month. Required Prepare a cash budget for the months of September and October. \begin{tabular}{|l|l|l|} \hline & SEPTEMBER & OCTOBER \\ \hline Opening balance & R & R \\ \hline Total receipts & & \\ \hline Cash receipts & & \\ \hline Debtors & & \\ \hline Loan & & \\ \hline Cash payments & & \\ \hline Salaries and wages & & \\ \hline Advertising & & \\ \hline Rent payments & & \\ \hline Equipment purchased & & \\ \hline Interest on loan & nil & \\ \hline Loan repayment & nil \\ \hline Closing balance. & & \\ \hline \end{tabular}