Check my work Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $100,000; May, $130,000; and June, $140,000. 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 $42,000. Prepare a schedule of budgeted cash payments for April, May, and June. April May June Current month purchases Ending accounts payable Total purchases 75% 25% May June Zisk Co. Schedule of Cash Payments For April, May, and June April Cash payments for Current month purchases Prior month purchases Budgeted cash payments for materials