Exercise $22-19($Algo$)$ Schedule of cash payments LO P$2$

Zisk Company purchases direct materials on credit. Budgeted purchases are April, $$90,000$; May, $$120,000$; and June, $$130,000.$ Cash payments for purchases are: $75\%$ in the month of purchase and $25\%$ in the first month after purchase. Purchases for March are $$80,000.$

Prepare a schedule of cash payments for direct materials for April, May, and June.

$\backslash$table$[[$ZISK COMPANY$],[$Schedule of Cash Payments for Direct Materials,,$],[,$April,May,June$],[$Materials purchases,,,$],[$Cash payments for:,,,$],[,,,],[,,,],[$Total cash payments,,,$]]$