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Tokyo Traders is in the process of preparing a cash budget for July 2020.
The following sales and purchases data in 2020 have been compiled for the preparation of the budget:
April May June July
$ $ $ $
Purchases 150 000 180 000 170 000 200 000
Sales 400 000 430 000 420 000 440 000
REQUIRED:
Question 1: Prepare a cash budget for the month of July 2020.
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