Estimate cash disbursements related to purchases

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Reference no: EM132914475

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 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.

Reference no: EM132914475

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