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The Steering Antique Mall expects to make purchases in the first quarter of 2021 as follows: January $106,400 February 134,400 March 95,200 Purchases in December

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

January $106,400

February 134,400

March 95,200

Purchases in December 202 are expected to be $102,400. The company expects that 50% of a month's purchases will be paid in the month of purchase and 50% 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 ____________ __________ _________

Payment of January purchases ___________ ___________ __________

Payment of February purchases ____________ ___________ __________

Payment of March purchases ___________ ___________ __________

Totals $___________ $___________ $__________

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