S22-10 (similar to) Yem Company budgeted direct materials purchases of $191.440 in January and $138.230 in February Assume Yem pays for direct materials purchases 30% in the month of purchase and 70% in the month after purchase. The Accounts Payable balance on January 1 is 120.000. 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 for January and February. Then, compute the Accounts Payable balance at February 28. (Round all amounts you enter into the budget to the nearest whole dollar an input olid is met used in the table lairve the input field empty, do not enter a 2) Yom Company budgeted direct materials purchases of $191,440 in January and $138,230 in February. Assume Yem pays for direct materials purchases 30% in the month of pur Accounts Payable balance on January 1 is $20,000. Prepare a schedule of cash payments for purchases for January and February. Round to the nearest dollar Cash Payments Total direct materials purchases Cash Payments Direct Materials: Accounts Payable balance, January 1 Jan-Jan direct material purchases paid in Jan January February January February Jan-Jan direct material purchases paid in Feb. Feb-Fob drect material purchases paid in Fob Total payments for direct materials Enter any number in the edit fields and then click Check Answer 1 part remaining Search for anything O a Clear All 4 # Jogle Ovome Centerwinayes h Fall 2020 work: Chapter 22 Assignment of 3 pts S22-10 (similar to) 4 16 of 20 (20 complete) w HW Score: 51 Question Yes Company budgeted det materias purchases of 1151,440 in January and $138,230 in February Assume Yem pays for direct materials purchases 30% in the month of purchase and 70% in the month after purchase. The Accounts Payable balance on January 1e $20.000 Pinpare a schedule of cash payments for purchases for January and February Round to the nearest dollar Cash Payme mas phases January February February 3154 Check