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Zisk Company purchases direct materials on credit Budgeted purchases are April, $99,000; May. $129.000; and June, $139,000. Cash payments for purchases are: 70%% in the

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Zisk Company purchases direct materials on credit Budgeted purchases are April, $99,000; May. $129.000; and June, $139,000. Cash payments for purchases are: 70%% in the month of purchase and 30% in the first month after purchase. Purchases for March are $89000. Prepare a schedule of cash payments for direct materials for April, May, and June. April May June Current period purchases 70% Ending becounts payable Total purchases Zik Co. Schedule of Cash Payments for Direct Materials April May June Cash payments for Current period purchases Prior period purchases Total cash payments

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