Olson Company Has the Following Data Purchases Are Paid as Follows:
10% in the Month of

Essay

Olson Company has the following data:
$\begin{array}{ll}\text { Month }&\text { Budgeted Purchases }\\\text { January } & \$ 225,000 \\\text { February } & 190,000 \\\text { March } & 200,000 \\\text { April } & 220,000 \\\text { May } & 150,000\end{array}$
Purchases are paid as follows:
10% in the month of purchase
80% one month after purchase
10% two months after purchase
Required:
Prepare a schedule of cash disbursements for purchases for March,April and May.