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Yasmin Company budgeted direct materials purchases of $191,990 in January and $138,230 in February Assume Yasmin pays for direct materials purchases 90% in the

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Yasmin Company budgeted direct materials purchases of $191,990 in January and $138,230 in February Assume Yasmin pays for direct materials purchases 90% in the month of purchase and 10% in the month after purchase The Accounts Payable balance on January 1 is $50,000. Prepare a schedule of cash payments for purchases for January and February. Round to the nearest dolar 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 dollar. If an input field is not used in the table leave the input hold eniply, do not enter a zero) Cash Payments Total drect materials purchases Cash Payments Direct Materials: Accounts Payable balance January 1 Jan-Jan direct material purchases paid in Jan Jan-Jan drect material purchases paid in Feb Feb-Feb deed muteral purchasers paid in Fab January February January February Total payments for direct materials Accounts Payable balance, February 28 FbFeb arct malenal purchases pad in Mar Enter any number in the edit fields and then continue to the next question.

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