Thank you!

EXERCISE 10-13. Cash Disbursements for Purchases [LO 2] Mississippi Retailers expects to make inventory purchases in the next quarter as follows: April May June $60,000 70,000 95,000 paid in the month of pur- Prior experience has shown that 70 percent of a months purchases chase and 30 percent are paid in the month following purchase. March purchases were $55,000. are REQUIRED Estimate cash disbursements related to purchases for April, May, and June