6 Exercise 7-19 (Static) Schedule of cash payments LO P2 Zisk Company purchases direct materials on credit. Budgeted purchases are April, $80,000, May, $110,000 and June, $120.000 Cash payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $70,000 Prepare a schedule of cash payments for direct materials for April, May, and June. Shipped April May June Current period purchases Ending accounts payable Total purchases 70% 30% $ 05 05 0 June ZISK COMPANY Schedule of Canh Payments for Direct Materials April May Cash payments for Current period purchases Prior period purchases Total cash payments