Yem Company budgeted direct materials purchases of $191,640 in January and $138,950 in Forturuary. Assume...
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Accounting
Yem Company budgeted direct materials purchases of $191,640 in January and $138,950 in Forturuary. Assume Yem pays for direct materials purchases 30% in the month of purchase and 70% in the month after purchase. The Accounts Payable balance on January 1 is $75,000 Prepare a schedule of cash payments for purchases for January and February. Round to the nearest dollar Cash Payments January February Total direct materials purchases January February Cash Payments Direct Materials: Accounts Payable blanco y 1 Jan Jan direct material purchases paid in an Jan-Jan direct material purchases paid in Feb Febdirect in purch paid in ob Total payments for direct materials
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