Star Moving Systems, Inc. has provided the following details for direct materials purchased on account in different months.

Jan $35,000

Feb 28,000

March 34,000

April 39,000

May 32,000

June 29,000

The terms of payment offered by the suppliers are to pay 70% in the month of purchase and 30% in the following month. Calculate the payments on account made during the first six months.

Answer: Jan Feb March April May June

Purchases on account: $35,000 $28,000 $34,000 $39,000 $32,000 $29,000

Answer: Jan Feb March April May June

Purchases on account: $35,000 $28,000 $34,000 $39,000 $32,000 $29,000

Cash payments to suppliers:

In the month of purchase (70%) _____ ______ ______ ______ ______ _____

In the next month: (30%) ______ ______ ______ ______ _____

Total payments to suppliers _______ ______ ______ ______ ______ ______