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Zisk Company purchases direct materials on credit. Budgeted purchases are April, $95,000, May, $125,000; and June, $135,000. Cash payments for purchases are: 75% in the

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Zisk Company purchases direct materials on credit. Budgeted purchases are April, $95,000, May, $125,000; and June, $135,000. Cash payments for purchases are: 75% in the month of purchase and 25% in the first month after purchase. Purchases for March are $85,000 Prepare a schedule of cash payments for direct materials for April. May, and June

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