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Zisk Co purchases raw materials on account. Budgeted purchase amounts are: April, $82,000: May, $112,000; and June, $122,000, Payments are made as follows: 70% in

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Zisk Co purchases raw materials on account. Budgeted purchase amounts are: April, $82,000: May, $112,000; and June, $122,000, 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 $24.000 Prepare a schedule of budgeted cash payments for April, May, and June. April May Juno Current month purchases Ending accounts payable Total purchases 70% 30% $ 0 $ $ 0 Zisk Co. Schedule of Cash Payments For April, May, and June April Cash payments for Current month purchases Prior month purchases Budgeted cash payments for materials May June

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