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Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $80,000: M Payments...

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Accounting

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Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $80,000: M Payments are made as follows: 70% in the month of purchase and 30% inthe month after purchase. The March 31 balance of accounts payable is $22,000. Prepare a schedule of budgeted cash payments for Apri, May, and June. April 70% Schedule of Cash Payments For April, May, and June Current month purchases Prior month purchases

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