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Cash Payments Schedule Fein Company provided the following information relating to cash psyments: 4. Fein purchased direct materials on account in the following amounts: b.

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Cash Payments Schedule Fein Company provided the following information relating to cash psyments: 4. Fein purchased direct materials on account in the following amounts: b. Fein pays 20% of accounts payable in the month of purchase snd the remaining oow in the following month. c. In July. direct laber cost was 534,300. August direct labor cost was 135,400 , The compsmy fnds that typically gow of direct lobor cost is paid in cash during the month, with the remainder paid in the following month. d. August overthesd amounted to $76,200, including 56,350 of depreciation. e. Fein had taken out a 4-month ioan of 522,000 on May 1. Interest, due with payment of principal, acerued at the rate of 9% per year. The loan and all interest were repaid on August 31. (Note: Use whole months to compute interest payment.) pare a schedule of cash payments for Fein Company for the month of August. Be sure to enter percentages as whole numbers

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