Question
ThePageAntique Mall expects to make purchases in the first quarter of 2021 as follows: January $110,200February 139,200March 98,600 Purchases in December 2020 are expected to
ThePageAntique Mall expects to make purchases in the first quarter of 2021 as follows:
January
$110,200February
139,200March
98,600
Purchases in December 2020 are expected to be $106,000. The company expects that50percent of a month's purchases will be paid in the month of purchase and50percent will be paid in the following month.
Estimate cash disbursements related to purchases for each month of the first quarter of 2021.
Cash disbursements for purchasesJanuary
February
March
Payment of December purchases$
enter a dollar amount
$
enter a dollar amount
$
enter a dollar amount
Payment of January purchasesenter a dollar amount
enter a dollar amount
enter a dollar amount
Payment of February purchasesenter a dollar amount
enter a dollar amount
enter a dollar amount
Payment of March purchasesenter 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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