Barnes Company budgeted direct materials purchases of $191,990 in January and $138,610 in Febuary. Assume Barnes pays for direct materials purchases 60% in the month of purchase and 40% in the month after purchase. The accounts payable balance on January 1st is $75,000. prepare a schedule of cash payments for purchases for January and febuary round to the nearest dollar.

Cash Payments January February Total direct materials purchases January February Cash Payments Direct Materials: Accounts Payable balance, January 1 Jan. Jan. direct material purchases paid in Jan. Jan.-- Jan. direct material purchases paid in Feb. Feb. - Feb. direct material purchases paid in Feb. Total payments for direct materials