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Exercise 22-19 Budgeted cash payments LO P2 6.76 points Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $91,000; May, $121,000; and
Exercise 22-19 Budgeted cash payments LO P2 6.76 points Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $91,000; May, $121,000; and June, $131,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $33,000. Prepare a schedule of budgeted cash payments for April, May, and June. eBook April May June Print Current month purchases Ending accounts payable Total purchases 70% 30% Zisk Co. Schedule of Cash Payments For April, May, and June April May June Cash payments for: Current month purchases Prior month purchases Budgeted cash payments for materials
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