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Zisk Co. purchases raw materials on account Budgeted purchase amounts are: April, $81,000; May, $111,000; and June, $121,000. Payments are made as follows: 75% in

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Zisk Co. purchases raw materials on account Budgeted purchase amounts are: April, $81,000; May, $111,000; and June, $121,000. 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 $23,000 Prepare a schedule of budgeted cash payments for April, May, and June April May June Current month purchases Ending accounts payable Total purchases 75% 25% $ 0 $ 0 $ May June Zisk Co. Schedule of Cash Payments For April, May, and April Cash payments for Current month purchases Prior month purchases Budgeted cash payments for materials

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