Management accounting

The following information perrains to Amigi Corporation: MONTH SALES PURCHASES July P 300,000.00 P 100,000.00 August 340,000.00 120,000.00 September 380,000.00 140,000.00 October 420.000.00 160,000.00 November 480,000.00 180,000.00 December 600,000.00 200,000.00 1 Cash collected from customers in the following manner: Month of sale (2% cash discount) - 30% Month following sale - 50% Two months following sale - 15% Amount uncollectible - 5% 2 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. REQUIRED: 1 Determine the cash receipts for the months of October, November, and December. (2 points each) 2 Determine the cash disbursements for the months of October, November, and December. (2 points each)