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The following information pertains to X Traders for the three months ended 3 0 June 2 0 2 2 : Actual Budgeted April May June
The following information pertains to X Traders for the three months ended June : Actual Budgeted April May June R R R Sales for cash and on credit Purchases for cash on credit Salaries and wages paid Cash expenses Depreciation It is expected that debtors will settle their accounts as follows: in the month of sale in the month after the month of sale, and in the second month after the month of sale The remaining is usually written off as bad debts. Trade creditors are paid in the month after the purchases at a discount of of the salaries and wages are weekly wages. Because wages are paid weekly, usually 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 May was R REQUIRED: Prepare the Cash Budget of X Traders for May and June
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