Question
TheAccustartAntique Mall expects to make purchases in the first quarter of 2021 as follows: January $102,600 February $129,600 March $91,800 Purchases in December 2020 are
TheAccustartAntique Mall expects to make purchases in the first quarter of 2021 as follows:
January $102,600
February $129,600
March $91,800
Purchases in December 2020 are expected to be $98,800. The company expects that50percent of a month's purchases will be paid in the month of purchase and50percent will be paid in the following month.
Estimate cash disbursements related to purchases for each month of the first quarter of 2021.
Cash January February March
for Purchases:
December Purchases: ? ? ?
January Purchases: ? ? ?
February Purchases: ? ? ?
March Purchases: ? ? ?
Total: ? ? ?
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