Question: Yada Company budgeted direct materials purchases of 192 340 in January
Yada Company budgeted direct materials purchases of $192,340 in January and $138,260 in February. Assume Yada pays for direct materials purchases 30% in the month of purchase and 70% in the month after purchase. The Accounts Payable balance on January 1 is $40,000. Prepare a schedule of cash payments for purchases for January and February. Round to the nearest dollar.
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