Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $86,000; May, $116,000; and June, $126,000. 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 $28,000. Prepare a schedule of budgeted cash payments for April, May, and June.

		April	May	June
Current month purchases	70%
Ending accounts payable	30%
Total purchases
Zisk Co.
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