Zisk Company purchases direct materials on credit. Budgeted purchases are April, $83,000: May, $113.000, and June. $123,000, Cash payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $73,000 Prepare a schedule of cash paymerts for dtrect matertals for April, May, and June. ZISK COMPANY Schedule of Cash Payments for Direct Materials April May June Materials purchases Cash payments for Total cash payments

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Exercise 22-19 (Algo) Schedule of cash payments LO P2
Zisk Company purchases direct materials on credit. Budgeted purchases are April, $83,000: May, $113.000; and JJune, $123,000, Cash
payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are
$73.000
Prepare a schedule of cash payments for direct materlals for April, May, and June.
ZI SK COMPANY
Schedule of Cash Payments for Direct Materials
Apr
May
June
Materials purchases
Cash payments for
Total cash payments
Transcribed Image Text:Exercise 22-19 (Algo) Schedule of cash payments LO P2 Zisk Company purchases direct materials on credit. Budgeted purchases are April, $83,000: May, $113.000; and JJune, $123,000, Cash payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $73.000 Prepare a schedule of cash payments for direct materlals for April, May, and June. ZI SK COMPANY Schedule of Cash Payments for Direct Materials Apr May June Materials purchases Cash payments for Total cash payments
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