Please help me to solve this problem QS 22-17 Merchandising: Cash disbursements for merchandise LO P1 Meyer Co. forecasts merchandise purchases of $15,800 in January, $18,600 in February, and $20,200 in March: 40% of purchases are paid in the month of purchase and 60% are paid in the following month. At December 31 of the prior year, the balance of Accounts Payable (for December purchases) is $22,000. Prepare a schedule of cash disbursements for merchandise for each of the months of January, February, and March. ----Paid in---- Payable Total January February March March 31 December 31 Accounts Payable $ 22,000 Merchandise purchases in: January 15,800 February 18,600 March 20,200 MEYER CO. Cash Disbursements for Merchandise (Budgeted) For January, February, and March January February March Payments for current month\'s purchases Payments for prior month\'s purchases Total cash disbursements for purchases Solution 7440 .

1. Please help me to solve this problem
QS 22-17 Merchandising: Cash disbursements for merchandise LO P1 Meyer Co. forecasts
merchandise purchases of $15,800 in January, $18,600 in February, and $20,200 in March: 40%
of purchases are paid in the month of purchase and 60% are paid in the following month. At
December 31 of the prior year, the balance of Accounts Payable (for December purchases) is
$22,000. Prepare a schedule of cash disbursements for merchandise for each of the months of
January, February, and March. ----Paid in---- Payable Total January February March March 31
December 31 Accounts Payable $ 22,000 Merchandise purchases in: January 15,800 February
18,600 March 20,200 MEYER CO. Cash Disbursements for Merchandise (Budgeted) For
January, February, and March January February March Payments for current month's purchases
Payments for prior month's purchases Total cash disbursements for purchases
Solution
7440
January February March
Payment for current monhts purchase 6320 7440 8080
Payment for prior months purchase 22000 9480 11160
Total cash disbursment for purchase 28320 16920 19240