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Tom & Jerry Manufacturers is a global provider of sustainable packaging products and manufactures plastic products made up of 1 0 0 % recycled plastics

Tom & Jerry Manufacturers is a global provider of sustainable packaging products and manufactures plastic products made up of 100% recycled plastics bottles and bags. The company procures all raw materials on credit. 80% of procured materials are paid for in the quarter of purchase while 20% are paid for in the following quarter. Materials amounting to R1005,000 were procured in the last quarter of the year ended on 31 December 2023. The company conducted a needs analysis as a result the procurement of the following raw materials is expected as detailed below.:
Quarter 1: R1104,492;
Quarter 2: R1205,176;
Quarter 3: R1116,480, and
Quarter 4: R1136,904
Using this information, prepare a schedule showing anticipated payments for accounts payable for materials for the year ending 31 December 2024.

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