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The Page Antique Mall expects to make purchases in the first quarter of 2021 as follows: January $110,200 February 139,200 March 98,600 Purchases in December

The Page Antique Mall expects to make purchases in the first quarter of 2021 as follows:

January

$110,200

February

139,200

March

98,600

Purchases in December 2020 are expected to be $106,000. The company expects that 50 percent of a months 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.

Collection of credit sales

January

February

March

Collection of December sales

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

Collection of January sales

enter a dollar amount

enter a dollar amount

enter a dollar amount

Collection of February sales

enter a dollar amount

enter a dollar amount

enter a dollar amount

Collection of March sales

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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