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Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $93,000; May, $123,000; and June, $133,000. Payments are made as follows: 75% in

Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $93,000; May, $123,000; and June, $133,000. Payments are made as follows: 75% in the month of purchase and 25% in the month after purchase. The March 31 balance of accounts payable is $35,000. Prepare a schedule of budgeted cash payments for April, May, and June.

April May June
Current month purchases 75%
Ending accounts payable 25%
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

please follow what they have written here cause thats what is right

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