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Make a schedule of budgeted cash payments for april

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Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $96,000; May, $126,000; and June, $136,000. 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 $38,000.

Problem 1: How do you make a schedule of budgeted cash payments for April, May, and June?

Reference no: EM132736191

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