Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $82,000; May, $112,000; and...

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Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $82,000; May, $112,000; and June, $122,000. 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 $24,000. Prepare a schedule of budgeted cash payments for April, May, and June. April May June Current month purchases 70% Ending accounts payable 30% Total purchases June Cash payments for: Zisk Co. Schedule of Cash Payments For April, May, and June April Current month purchases Prior month purchases Budgeted cash payments for materials May Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $82,000; May, $112,000; and June, $122,000. 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 $24,000. Prepare a schedule of budgeted cash payments for April, May, and June. April May June Current month purchases 70% Ending accounts payable 30% Total purchases June Cash payments for: Zisk Co. Schedule of Cash Payments For April, May, and June April Current month purchases Prior month purchases Budgeted cash payments for materials May

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Prepare a schedule of budgeted cash payments for April May AND June as follows A B D E 1 Ap... View the full answer