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#1 #2 Zisk Company purchases direct materials on credit. Budgeted purchases are Apni, $89,000;, May, $119,000; and June, $129,000. Cash payments for purchases are: 70%
#1 #2 Zisk Company purchases direct materials on credit. Budgeted purchases are Apni, $89,000;, May, $119,000; and June, \$129,000. Cash payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $79.000 Prepare a schedule of cash payments for direct materials for April. May, and June Jasper Company has 64% of its sales on credit and 36% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $521,000 for April, \$531,000 for May, and $556,000 for June. Total sales for March are $297,600 Prepare a schedule of cash receipts from sales for April, May, and June
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