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

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Accounting

Exercise 20-19(Algo) Schedule of cash payments LO P2
Zisk Company purchases direct materials on credit. Budgeted purchases are April, $99,000; May, $129,000; and June, $139,000. Cash payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $89,000.
Prepare a schedule of cash payments for direct materials for April, May, and June.
\table[[ZISK COMPANY,],[Schedule of Cash Payments for Direct Materials,,],[Materials purchases,April,May,June],[Cash payments for:,,,],[,,,],[,,,],[Total cash payments,,,]]
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