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Cash Payments January February Total direct materials purchases January February + Cash Payments Direct Materials: Accounts Payable balance, January 1 Jan-Jan direct material purchases paid in Jan. Jan. Jan, direct material purchases paid in Feb Feb.-Feb. direct material purchases paid in Feb. Total payments for direct materials Score: 0 of 6 pts 8 of 9 (7 complete) S22 10 (book/static) Question Help o Barnes Company budged direct materials purchases of $19.900 in January and 5138.610 in February Assume Bames pays for direct materials purchases 60% in the month of purchase and on the month after purchase. The Accounts Payable balance on January 1 s 375,000. Prepare a schedule of cash payments for purchases for January and February Round to the nearest dolar Begin by computing the total cash payments for direct materials January and February. Then, compute the Accounts Payable balance at February 28. (Round al amounts you enter into the budget to the nearest whole dollarit about is not used in the table are the basemely do not enter a zero) Cash Payments January February