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Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $91,000; May, $121,000,...

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Accounting

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Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $91,000; May, $121,000, and June, $131,000 Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $33,000 Prepare a schedule of budgeted cash payments for April May, ond June. April May June Current month purchases Ending accounts payable Total purchases 70% 30% May June Zisk Co. Schedule of Cash Payments For April, May, and June April Cash payments for: Current month purchases Prior month purchases Budgeted cash payments for materialo

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