Exercise 20-19 Budgeted cash payments LO P2 Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $95,000; May, $125,000; and June. $135.000. Payments are made as follows: 75% in the month of purchase and 25% in the month after purchase. The March 31 balance of accounts payable is $37,000. Prepare a schedule of budgeted cash payments for April, May, and June. April May June Current month purchases Ending accounts payable Total purchases 75% 25% Zisk Co. Schedule of Cash Payments Schedule of Cash Payme For April, May, and June April May June Cash payments for: Current month purchases Prior month purchases Budgeted cash payments for materials