ACCT2023 Sdn Bhd provides accounting services to small and medium scale companies. The managing director has ad you to prepare for a company The accounting department compiled the following information Actual Budget Aug 19 Sep 19 Oct19 Nov 19 Dec 19 RM RM RM RM RM Sales 175,000 225,000 205,000 Purchases 125,000 150,000 110,000 Pay & Allowances 30,000 32.000 25.000 Rental expenses 10,000 10,000 10,000 Other expenses 25,000 35.000 7,000 Depreciation 7.000 7,000 20,000 Accounting software 20,000 Additional information 1. The budgeted opening cash balance as at 1 October is RM40.500 2. Trade receivables on 1 October amount to RM60.000 of which it is estimated RM55.000 will be collected during the month and in November. The written off as bad debts. 3. The expected pattern of cash collection from sales is 50% during the month of sale. 35 in the following month and 1 month ter 4. On 1 October, the amount owing to trade payables for purchases was RM70.000 5. Payment for purchases and accounting software will be in the month following the month of purchase 6. All the other expenses are paid in the same month. 7. DAC2014 maintains a minimum cash balance of RM30,000. Any shortfall or deficiency of cash valable over cash disbursements will be met by drawing down to overdraft facility with its bankers. Required: a. Prepare schedules for 1. expected collections from customers, and ll. expected payments for purchases b. Prepare a cash budget for the months of October to December 2019