Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on-account for use in production. The direct materials purchases tudget chows the folloning expected purchases on account: Wight typically pays 35% on account in the month of billing and 65% the nex month: Required 1. How much cash is roguered for poyments on acceunt in May? 2. Haw much cash is expected for payments on account in June