Question
he Foress Antique Mall expects to make purchases in the first quarter of 2021 as follows: January $112,100 February 141,600 March 100,300 Purchases in December
he Foress Antique Mall expects to make purchases in the first quarter of 2021 as follows:
January
$112,100
February
141,600
March
100,300
Purchases in December 2020 are expected to be $107,800. The company expects that 50 percent of a month's purchases will be paid in the month of purchase and 50 percent will be paid in the following month.
Estimate cash disbursements related to purchases for each month of the first quarter of 2021.
Cash disbursements for purchases
January
February
March
Payment of December purchases
$enter a dollar amount
$enter a dollar amount
$enter a dollar amount
Payment of January purchases
enter a dollar amount
enter a dollar amount
enter a dollar amount
Payment of February purchases
enter a dollar amount
enter a dollar amount
enter a dollar amount
Payment of March purchases
enter dollar amountenter dollar amountenter a dollar amount
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