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How to create a schedule of budgeted cash payments for April

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Reference no: EM132787809

Question - 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. How to create a schedule of budgeted cash payments for April, May, and June.

Reference no: EM132787809

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