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This seemed too easy and just like my last question...I want to double check my work! The Ceradyne Antique Mall expects to make purchases in
This seemed too easy and just like my last question...I want to double check my work!
The Ceradyne Antique Mall expects to make purchases in the first quarter of 2021 as follows: January February March $77,900 98,400 69,700 Purchases in December 2020 are expected to be $75,400. 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 purchases Payment of December purchases Payment of January purchases Payment of February purchases Payment of March purchases January 37,700 38,950 76,650 February 38,950 49,200 88,150 March 49,200 34,850 84,050
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