Question $1$

The following information pertains to G Sdn Bhd:

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:

a$.$ Prepare a summary of cash disbursements for the $4^{th}$ quarter of the company.

$(6$ marks$)$

b$.$ Prepare a summary of cash collections for the $4^{th}$ quarter of the company.

$(9$ marks$)$