Zisk Company purchases direct materials on credit. Budgeted purchases are April, $93,000; May, $123,000; and June, $133,000. Cash payments for purchases are: 75% in the month of purchase and 25% in the rst month after purchase. Purchases for March are $83,000. Prepare a schedule of cash payments for direct materials for April, May, and June. Materials purchases Cash payments for: Total cash payments Zisk Company purchases direct materials on credit. Budgeted purchases are April, $93,000; May, $123,000; and June, $133,000. Cash payments for purchases are: 75% in the month of purchase and 25% in the rst month after purchase. Purchases for March are $83,000. Prepare a schedule of cash payments for direct materials for April, May, and June. Materials purchases Cash payments for: Accounts payable Accounts receivable Current period purchases Prior period purchases Sales