Question
The Runner Antique Mall expects to make purchases in the first quarter of 2021 as follows: January $85,500 February $108,500 March $86,500 Purchases in December
The Runner Antique Mall expects to make purchases in the first quarter of 2021 as follows:
January $85,500
February $108,500
March $86,500
Purchases in December 2020 are expected to be $82.600. 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 payments January February March
Payment of December purchases $ $ $
Payment of January purchases
Payment of February purchases
Payment of March purchases
_____________ ____________ ___________
$ $ $
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