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Yeaman Company budgeted drect materials purchases of $191,440 in January and $138,230 in February, Assume Yeaman pays for drect moterials purchases 50% in the month

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Yeaman Company budgeted drect materials purchases of $191,440 in January and $138,230 in February, Assume Yeaman pays for drect moterials purchases 50% in the month of purchase an 50% in the month after purchase. The Accounts Payable balance on January 1 is $30,000. Prepare a schedule of cash payments for purchases for January and Febinary, including the calculation the Accounts Payabie balance on February 28. Round to the nearest dollar, Begh by computing the total cash payments for drect materials for January and February. Then, compule the Accounts Payable balanco at February 26 . (Round all amounts you entor into the budget to the nearest whole dollar, it an input feld is not used in the table leave the input feld empty, do nol entor a zoro)

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