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3 Exercise 22-19 Budgeted cash payments LO P2 Zisk Co purchases raw materials on account Budgeted purchase amounts are April, $94,000. May, $124,000, and June,
3 Exercise 22-19 Budgeted cash payments LO P2 Zisk Co purchases raw materials on account Budgeted purchase amounts are April, $94,000. May, $124,000, and June, $134,000. Payments are made as follows: 70% In the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $36,000 spoed Prepare a schedule of budgeted cash payments for April, May, and June April May June Book Current month purchases 7096 30% Ending accounts payable Total purchases $ 0 $ 0 $ Part Zisk Co. Orances Schedule of Cash Payments For April, May, and June April May June Cash payments for Current month purchases Prior month purchases Budgeted cash payments for materials
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