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Lyle Corporation Has the Following Information Purchases Are Paid for in the Following Manner: 10% in

Question 149

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Lyle Corporation has the following information:  Month  Budgeted  Purchases  January $230,000 February 190,000 M arch 200,000 April 220,000 M ay 210,000\begin{array}{ll}\text { Month } & \begin{array}{l}\text { Budgeted } \\\text { Purchases }\end{array} \\\text { January } & \$ 230,000 \\\text { February } & 190,000 \\\text { M arch } & 200,000 \\\text { April } & 220,000 \\\text { M ay } & 210,000\end{array} Purchases are paid for in the following manner: 10% in the month of purchase
80% in the month after purchase 10% two months after purchase
Required:
Prepare a schedule of cash disbursements for purchases for March through May.

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