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Exercise 22-19 (Static) Schedule of cash payments LO P2 Zisk Company purchases direct materials on credit. Budgeted purchases are April, $80,000; May, $110,000; and June,

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Exercise 22-19 (Static) Schedule of cash payments LO P2 Zisk Company purchases direct materials on credit. Budgeted purchases are April, $80,000; May, $110,000; and June, $120,000. Cash payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $70,000 Prepare a schedule of cash payments for direct materials for April, May, and June. ZISK COMPANY Schedule of Cash Payments for Direct Materials April May Materials purchases Cash payments for June Total cash payments

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