- It is expected that debtors will settle their accounts as follows: 20% in the month of sale 70% in the month after the month of sale, and 5% in the second month after the month of sale - The remaining 5% is usually written off as bad debts. - Trade creditors are paid in the month after the purchases at a discount of 5%. - 50% of the salaries and wages are weekly wages. Because wages are paid weekly, usually 10% of the wages are paid in the month following the month in which they were incurred. - Expenses are paid as they arise. - The favorable bank balance on 1 May was R30 000 . Required: Prepare the Cash Budget of X Traders for June and July 2022