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Exerclse 20-19 Budgeted cash payments LO P2 Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $99,000; May, $129,000; and June, $139,000.

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Exerclse 20-19 Budgeted cash payments LO P2 Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $99,000; May, $129,000; and June, $139,000. 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 $41,000. Prepare a schedule of budgeted cash payments for April, May, and June. April May June 70% Current month purchases Ending accounts payable 30% Total purchases Zlak Co. Schedule of Cash Payments For April, May, and June April May June Cash payments for Current manth purchases Prior month purchases. Budgeted cash payments for materials

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