Exercise 20-19 (Algo) Schedule of cash payments LO P2 Zisk Company purchases direct materials on credit. Budgeted purchases are April, $83,000; May, $113,000; and June, $123,000 Cash payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $73,000. Prepare a schedule of cash payments for direct materials for April, May, and June April June May Current period purchases Ending accounts payable Total purchases 70% 30% June ZISK COMPANY Schedule of Cash Payments for Direct Materials April May Cash payments for Current period purchases Prior period purchases Total cash payments