Exercise 10-11 The Vermillion Antique Mall expects to make purchases in the first quarter of 2018 as follows: January February March $99,900 113,000 93,000 Purchases in December 2017 are expected to be $103,000. The company expects that 60 percent of a month's purchases will be paid in the month of purchase and 40 percent will be paid in the following month. Estimate cash disbursements related to purchases for each month of the first quarter of 2018. January February March Cash disbursements for purchases Payment of December purchases Payment of January purchases Payment of February purchases Payment of March purchases Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR EXERCISE