Practice Question For Week 12 The following information pertains to John Berhad for the year 2021: Month Sales Purchases January RM90,000 RM30,000 February 102,000 36,000 March 114,000 42,000 April 125,000 48,000 May 144,000 54,000 June 180,000 60,000 Cash is collected from customers in the following manner: Month of sale 25% Month following sale 55% Two months following sale 20% 45% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. REQUIRED: a. Prepare a summary of cash collections for the 2nd quarter (10 marks) b. Prepare a summary of cash disbursements for the 2nd quarter. (10 marks)