Cash Payments Schedule

Fein Company provided the following information relating to cash payments:

Fein purchased direct materials on account in the following amounts:

June	$68,000
July	77,000
August	73,000

Fein pays 20% of accounts payable in the month of purchase and the remaining 80% in the following month.

In July, direct labor cost was $34,300. August direct labor cost was $35,400. The company finds that typically 90% of direct labor cost is paid in cash during the month, with the remainder paid in the following month.

August overhead amounted to $74,200, including $6,350 of depreciation.

Fein had taken out a 4-month loan of $25,000 on May 1. Interest, due with payment of principal, accrued 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.)

Prepare a schedule of cash payments for Fein Company for the month of August. Be sure to enter percentages as whole numbers