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Zisk Company purchases direct materials on credit. Budgeted purchases are April, $96,000; May, $126,000; and...

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Accounting

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.

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