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7 3 points Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $86,000; May. $116,000; and June, $126,000 Payments are made
7 3 points Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $86,000; May. $116,000; and June, $126,000 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 $28,000. Prepare a schedule of budgeted cash payments for April, May, and June. April Book Current month purchases 70% Print Ending accounts payable 30% References Total purchases $ 0 $ Cash payments for Zisk Co. Schedule of Cash Payments For April, May, and June April Current month purchases Prior month purchases Budgeted cash payments for materials May June May June 0 Suom Check my work
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