Preparing an Accounts Payable Schedule Text. Wight Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account: April May June $375,000 411,000 416,600 Wight typically pays 35% on account in the month of billing and 65% the next month. Required: 1. How much cash is required for payments on account in May? 2. How much cash is expected for payments on account in June? Previous