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The Duffy Dog Antique Mall expects to make purchases in the first quarter of 2021 as follows: January $121,600 February 153,600 March 108,800 Purchases in
The Duffy Dog Antique Mall expects to make purchases in the first quarter of 2021 as follows:
January | $121,600 | |
February | 153,600 | |
March | 108,800 |
Purchases in December 2020 are expected to be $116,800. 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 a dollar amount | enter a dollar amount | enter a dollar amount | ||
$enter a total dollar amount | $enter a total dollar amount | $enter a total dollar amount |
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