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Jam Co. forecasts merchandise purchases of $11,600 in January, $11,800 in February, and $15,400 in March; 40% of purchases are paid in the month of

Jam Co. forecasts merchandise purchases of $11,600 in January, $11,800 in February, and $15,400 in March; 40% of purchases are paid in the month of purchase and 60% are paid in the following month. At December 31 of the prior year, the balance of Accounts Payable (for December purchases) is $8,000.

Prepare a schedule of cash disbursements for merchandise for each of the months of January, February, and March. (Input all amounts as positive values. Omit the "$" sign in your response.)

JAM CO. Cash Disbursements for Merchandise (Budgeted) For January, February, and March
January February March
$ $ $
Cash disbursements for
$ $ $
Total cash disbursements for purchases $ $ $

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