Green Book

Green Book International purchases raw materials on account. Budgeted purchase amounts are April, $93,000; May, $123,000; and June, $133,000. 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 $35,000. Prepare a schedule of budgeted cash payments for April, May, and June April May June Jun Current month purchases Ending accounts payable Total purchases 75% 25% 0 $ GREEN BOOK INTERNATIONAL May June Schedule of Cash Payments For April, May, and June April Cash payments for Current month purchases Prior month purchases Budgeted cash payments for materials