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The Warrenburg Antique Mall expects to make purchases in the first quarter of 2012 as follows:
January........ $90,000February ...... $102,000March ....... $84,000Purchases in December 2011 are expected to be $93,000. 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.
Required:
Estimate cash disbursements related to purchases for each month of the first quarter of 2012.
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