.It is expected that debtors will settle their accounts as follows: 20% in the month of sale. 70% in the month after the month 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 favourable bank balance on 1 May was R30 000.

Prepare the Cash Budget of X Traders for June and July 2022.

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The following information pertains to X Traders for the three months ended 30 June 2022