- /1 Question 13 of 14 Linda Williams, Marigold & Robert Fabricators' accounts payable manager, has just received the company's direct materials purchases budget for the first quarter. January February March Quarter Budgeted purchase cost $251,000 $270,000 $295,000 $816,000 The company makes all of its direct materials purchases on account. Linda's recent review of the company's payment history revealed that the company pays for 25% of its direct materials purchases in the month of purchase and 75% in the month following purchase. The company expects to have an accounts payable balance of $18,000 on January 1, and this amount represents the remaining payables from December's direct materials purchases. Prepare Marigold & Robert's cash payments budget for the first Quarter. (Enter answers in necessary fields only. Leave other fields blank. Do not enter O.) Cash Payments Budget Total C January February March Payme December A/P to $ $ $ January purchases February purchasesChapter 5 Homework 21 - 11 3 Question 13 of 14 Prepare Marigold & Robert's cash payments budget for the first Quarter. (Enter answers in necessary fields only. Leave other fields blank. Do not enter O.) Cash Payments Budget Total C January February March Payme $ $ December A/P $ January purchases February purchases March purchases Total $ $ $ Calculate the accounts payable balance at the end of first Quarter. Accounts Payable balance $ e Textbook and Media MacBook Air