Waterking sells crystal vases. Budgeted purchases are ($ 25,000) for May and ($ 30,000) for June. Waterking

Question:

Waterking sells crystal vases. Budgeted purchases are $\$ 25,000$ for May and $\$ 30,000$ for June. Waterking pays for $60 \%$ of inventory purchases in the month of the purchase and $40 \%$ in the next month. The balance of Accounts Payable on April 30 is $\$ 8,000$. Prepare the budgeted cash payments for purchases of inventory for May and June.

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