Question: Saved Help Save & Che Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $92,000 May, $122.000, and June 132,000 Payments are

Saved Help Save & Che Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $92,000 May, $122.000, and June 132,000 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 $34,000. 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% 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 a 5 Prepare a schedule of budgeted cash payments for April, May, and June April May June 70% Current month purchases Ending accounts payable Total purchases 30% Book 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 May June ME HIT GE
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