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Yasmin Company budgeted direct matenals purchases of $191,840 in January and $139 360 in February. Assume Yasmin pays for direct materials purchases 60% in the

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Yasmin Company budgeted direct matenals purchases of $191,840 in January and $139 360 in February. Assume Yasmin pays for direct materials purchases 60% in the month of purchase and 40% in the month after purchase. The Accounts Payable balance on January 1 is $30,000. Prepare a schedule of cash payments for purchases for Jarvary and February Round to the newest dollar 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 dollara bo not used in the leave the box emply do not obrazo) Cash Payments January February Totale materials purchases January Cash Payments Duet Materials -5 (similar to) -9 similar to) Jan de m uchas pastab Total payments for direct materials

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