September Required: Prepare a schedule showing the cash expected in payments on accounts receivable in August and in September 11. Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchase on account: April May June P374,400 411,200 416,000 Wight typically pays 20% on account is the month of billing and 20% the next mond Required How much cash is required for payment on account in May? How much cash is expected for payments on account is June? a b month of October