Exercise 20-19 (Algo) Schedule of cash payments LO P2 Zisk Company purchases direct materials on credit Budgeted purchases are April, $85,000; May, $115,000; and June, $125,000. Cash payments for purchases are: 75% in the month of purchase and 25% in the first month after purchase. Purchases for March are $75,000 Prepare a schedule of cash payments for direct materials for April, May, and June. April May June Curent period purchases Ending accounts payable Total purchases 75% 25% June 215K COMPWY Schedule of Cash Payments for Direct Materials April May Cash payments for Current period purchases Prior period purchases Total cash payments