Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 20-19 (algo) schedule of cash payments lo

Exercise 20-19 (Algo) Schedule of cash payments LO P2 Zisk Company purchases direct materials on...

80.2K

Verified Solution

Question

Accounting

image

Exercise 20-19 (Algo) Schedule of cash payments LO P2 Zisk Company purchases direct materials on credit. Budgeted purchases are April, $96,000; May, $126,000; and June, $136,000. Cash payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $86,000. Prepare a schedule of cash payments for direct materials for April, May, and June. April May June 70% Current period purchases Ending accounts payable Total purchases 30% $ 0 $ 0 $ 0 May June ZISK COMPANY Schedule of Cash Payments for Direct Materials April Cash payments for Current period purchases Prior period purchases Total cash payments

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

2 Refer to Model 1 a In what cell organelle does cellular respiration occur

Biology
Q

or Ax Ap Ax Av mass X h 4 iiFor other canonical conjugates of motion...

Physics
Q

SolveLancer Test There is a ring of mass m radius R and has a charge...

Physics
Q

In a sinusoidal wave the time required for a particular point to move from maximum...

Physics
Q

Required information [The following informatlon applies to the questions displayed below.]...

Accounting
Q

Answers should be at least three paragraphs long. The Brock Company has decided to...

Accounting
Q

PE 6-3A Sales transactions OBJ. 2 Journalize the following merchandise transactions: a. Sold merchandise on...

Accounting
Q

A company is considering purchasing factory equipment that costs $400000 and is estimated to have...

Accounting
Q

Micro Corporation has budgeted sales of its microchips for next four month as follows: Units...

Accounting
Q

Suppose you manage a cloud computing service which provides GPU computing resources and charge a...

Accounting
Q

Required information [The following information applies to the questions displayed below.] Beacon...

Accounting
Q

Assume Highline Company has just paid an annual dividend of $1.09. Analysts are predicting an...

Finance