Cash is collected from customers in the following manner:

$60\%$ of purchases are paid for in cash in the month of purchase and the

balance is paid the following month.

Required:

Prepare a summary of cash disbursements and collections for the $4^{th}$ quarter of

Lailai Sdn Bhd$.$

$(15$ marks$)$ MonthSalesPurchasesRM$000$RM$000$July$258$August$3412$September$3814$October$4216$November$4818$December$6020$Cash is collected from customers in the following manner:Month of sales $(2\%$ cash discount$).30\%$Month following sales $50\%$Two months following sales $15\%$Amount uncollectible $5\%60\%$ of purchases are paid for in cash in the month of purchase and the balance is paidthe following month.Required:Prepare a summary of cash disbursements and collections for the $4$thquarter of Lailai Sdn Bhd$.(15$ marks