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5 Zisk Co purchases raw materials on account, Budgeted purchase amounts are April, $83,000; May, $113,000, and June. $123,000. Payments are made as follows: 70%
5 Zisk Co purchases raw materials on account, Budgeted purchase amounts are April, $83,000; May, $113,000, and June. $123,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase The March 31 balance of accounts payable is $25.000 Prepare a schedule of budgeted cash payments for April May, and June April 55.000 May 77,000 $ June 84.000 8 to Current month purchases Ending accounts payable Total purchases 70% 30% 5 50.000 3 77,000 $ 34.000 Zish co Schedule of Cash Payments For April May, and June April Cash payments for Current month purchases 5 56.000 Prior month purchase Budgeted cash payments for mateus May June 77.000$ 84000
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