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Zisk Company purchases direct materials on credit. Budgeted purchases are April. 535.000: May. $115,000: and June. $125,000. Cash payments for purchases are: ?5% in the

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Zisk Company purchases direct materials on credit. Budgeted purchases are April. 535.000: May. $115,000: and June. $125,000. Cash payments for purchases are: ?5% in the month of purchase and 25% in the rst month after purchase. Purchases for March are 375,000. Prepare a schedule of cash payments for direct materials for April. May. and June. Current period purchases Ending accounts payable 25% __ _ Ziek Co. Schedule of Cash Payments for Direct materiel: Cash payments tor: i Current period purchases

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