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Check my work 10 Exercise 22-19 Budgeted cash payments LO P2 6.76 points Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April,
Check my work 10 Exercise 22-19 Budgeted cash payments LO P2 6.76 points Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $85,000; May, $115,000; and June, $125,000. Payments are made as follows: 75% in the month of purchase and 25% in the month after purchase. The March 31 balance of accounts payable is $27,000. Prepare a schedule of budgeted cash payments for April, May, and June. eBook Print $ $ $ Current month purchases Ending accounts payable Total purchases 75% 25% April 85,000 21,250 106,250 May 115,000 23,000 138,000 June 125,000 31,250 156,250 $ $ $ Zisk Co. Schedule of Cash Payments Schedule of For April, May, and June April May June Cash payments for: Current month purchases Prior month purchases $ 85,000 $ 115,000 $ 125,000 Budgeted cash payments for materials
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