Exercise 20-19 (Algo) Schedule of cash payments LO P2 Zisk Company purchases direct materials on credit. Budgeted purchases are April, $86,000; May, $116,000; and June, $126,000. Cash payments for purchases are: 70% In the month of purchase and 30% In the first month after purchase. Purchases for March are $76,000. Prepare a schedule of cash payments for direct materials for April, May, and June. ZISK COMPANY Schedule of Cash Payments for Direct Materials Materials purchases April May June $ 86,000 $ 116,000 $ 126,000 Cash payments for: Current period purchases $ 60,200 $ 81,200 $ 88,200 Prior period purchases 25,800 34,800 37,800 Total cash payments $ 86,000 $ 116,000 $ 126,000