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Exercise 2 0 - 1 9 ( Algo ) Schedule of cash payments LO P 2 Zisk Company purchases direct materials on credit. Budgeted purchases

Exercise 20-19(Algo) Schedule of cash payments LO P2
Zisk Company purchases direct materials on credit. Budgeted purchases are April, $91,000; May, $121,000; and June, $131,000. Cash payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $81,000.
Prepare a schedule of cash payments for direct materials for April, May, and June.
\table[[ZISK COMPANY,],[Schedule of Cash Payments for Direct Materials,,],[,April,May,June],[Materials purchases,,,],[Cash payments for:,,,],[,,,],[,,,],[Total cash payments,,,]]
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