Question: Preparing an Accounts Payable Schedule Pilsner Inc. purchases raw materials on account for use in production. The direct materilals purchases budget shows the following expected

Preparing an Accounts Payable Schedule Pilsner Inc. purchases raw materials on account for use in production. The direct materilals purchases budget shows the following expected purchases on account $374,400 11,200 416,000 April May June Pilsner typically pays 25% on account in the month of billing and 75% the next month. Required: 1. How much cash is required for payments on account in May? 2. How much cash is expected for payments on account in June

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