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Yosko Company budgeted direct materials purchases of 192,130 in January and $139,100 in February. Assume Yosko pays for direct Materials purchased 50% in the month

Yosko Company budgeted direct materials purchases of 192,130 in January and $139,100 in February. Assume Yosko pays for direct Materials purchased 50% in the month purchase and 50% in the month after purchase. The accounts payable balance on January 1 is 30,000. Prepare a schedule of cash payments for purchases of January and February. Round to the nearest dollar. begin by computing the total cash payments for direct materials for January and February. then, compute the accounts payable balance at February 28.
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Cash Payments January February Total direct materials purchases January February Cash Payments Direct Materials: Accounts Payable balance, January 1 Jan. - Jan. direct material purchases paid in Jan. Jan. - Jan. direct material purchases paid in Feb. Feb.-Feb. direct material purchases paid in Feb. Total payments for direct materials

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