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Prepare a schedule of budgeted cash payments for April, May, and June. Zisk...

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Accounting

Prepare a schedule of budgeted cash payments for April, May, and June.

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Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $86,000; May, $116,000; and June, $126,000. 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 $28,000. Prepare a schedule of budgeted cash payments for April, May, and June. April May June Current month purchases Ending accounts payable Total purchases 70% 30% $ $ 0$ 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 materials

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